Three-Month Average Volume: 570,184
Volume % Change: 115% Shares of NBIX jumped higher on Wednesday after Cowen upgraded the stock to outperform from market perform based on the company's advanced drug candidates. The firm set a price target of $30 a share on NBIX. >>5 Stocks With Big Insider Buying From a technical perspective, NBIX gapped higher here right above its 50-day moving average of $13.89 with strong upside volume. This stock flirted with some key breakout levels at $14.85 to its 52-week high at $15.06, before pulling back to close at $14.98. Traders should now look for long-biased trades in NBIX as long as it's trending above $14.50 and then once it sustains a move or close above its new 52-week high at $15.33 with volume that this near or above 570,184 shares. If we get that move soon, then NBIX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $18 to $20.