Durect ( DRRX) This is a specialty pharmaceutical company. It develops pharmaceutical products based on its proprietary drug delivery technology platforms. This stock closed up 7.1% to $1.20 in Tuesday's trading session. Tuesday's Range: $1.12-$1.23 52-Week Range: $0.61-$1.85 Tuesday's Volume: 959,000 Three-Month Average Volume: 660,808 From a technical perspective, DRRX spiked sharply higher here right off its 200-day moving average of $1.11 and back above its 50-day moving average of $1.15 with strong upside volume. This move also pushed shares of DRRX into breakout territory, since the stock took out some near-term overhead resistance at $1.19. Shares of DRRX are now starting to trend within range of triggering a big breakout trade above some stiff overhead resistance. That trade will hit if DRRX manages to take out Tuesday's intraday high of $1.23 and then once it clears some key overhead resistance at $1.34 with high volume. Traders should now look for long-biased trades in DRRX as long as it's trending above its 200-day at $1.11 or above more near-term support at $1.07, and then once it sustains a move or close above those breakout levels with volume that hits near or above 660,808 shares. If that breakout triggers soon, then DRRX will set up to re-fill some of its previous gap down zone from May that started near $1.70. Zhone Technologies ( ZHNE) This company designs, develops and manufactures communications network equipment for telecommunications, wireless and cable operators worldwide. This stock closed up 7.1% to $3.14 in Tuesday's trading session. Tuesday's Range: $2.88-$3.37 52-Week Range: $0.40-$3.48 Tuesday's Volume: 2.44 million Three-Month Average Volume: 781,497 From a technical perspective, ZHNE bounced sharply higher here right above some near-term support at $2.44 with heavy upside volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $2.20 to its intraday high of $3.37. During that move, shares of ZHNE have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ZHNE within range of triggering a major breakout trade. That trade will hit if ZHNE manages to take out Tuesday's intraday high of $3.37 and then once it clears its 52-week high at $3.48 with high volume.