Navidea Biopharmaceuticals

Navidea Biopharmaceuticals ( NAVB) is a biomedical company engaged in the development and commercialization of innovative surgical and diagnostic products that enhance patient care by meeting the critical decision making needs of physicians. This stock is trading up 5.4% to $2.69 in recent trading.

Today's Range: $2.65-$2.76

52-Week Range: $2.14-$4.77

Volume: 2.36 million

Three-Month Average Volume: 1.46 million

Shares of NAVB are trending higher today after the company reported favorable new clinical trial results for its imaging agent Lymphoseek.

From a technical perspective, NAVB is spiking higher here and gapping up right above some near-term support at $2.42 with above-average volume. This stock had been downtrending for the last month, with shares moving lower from its high of $3.59 to its recent low of $2.42. During that move, shares of NAVB had been mostly making lower highs and lower lows, which is bearish technical price action. That said, shares of NAVB are now spiking off news and quickly moving within range of triggering a near-term breakout trade. That trade will hit if NAVB manages to take out some near-term overhead resistance at $2.79 and then once it clears both its 50-day at $3 and its 200-day at $3.16 with high volume.

Traders should now look for long-biased trades in NAVB as long as it's trending above $2.42, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.46 million shares. If that breakout triggers soon, then NAVB will set up to re-test or possibly take out its next major overhead resistance levels at $3.59 to $4.00.

Enphase Energy

Enphase Energy ( ENPH) has pioneered a new inverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, and reduces fire safety risk. This stock is trading up 2.8% to $5.84 in recent trading.

Today's Range: $5.69-$6.03

52-Week Range: $1.92-$9.57

Volume: 118,000

Three-Month Average Volume: 256,907

From a technical perspective, ENPH is bouncing higher here right off some near-term support at $5.54 with lighter-than-average volume. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $1.92 to its recent high of $6.70. During that uptrend, shares of ENPH have been consistently making higher lows and higher highs, which is bullish technical price action. That move is now pushing shares of ENPH within range of triggering a breakout trade. That trade will hit if ENPH manages to take out some key overhead resistance levels at 6.70 to $6.89 with high volume.

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