Arca Biopharma

Arca Biopharma ( ABIO) is a biopharmaceutical company developing genetically targeted therapies for cardiovascular diseases. This stock closed up 14.2% to $1.60 in Thursday's trading session.

Thursday's Range: $1.40-$1.60
52-Week Range: $1.13-$5.94
Thursday's Volume: 3.27 million
Three-Month Average Volume: 669,132

From a technical perspective, ABIO exploded higher here back above its 50-day moving average of $1.47 with monster upside volume. This move is quickly pushing shares of ABIO within range of triggering a major breakout trade. That trade will hit if ABIO manages to take out some near-term overhead resistance levels at $1.63 to $1.70, and then once it takes out more resistance at $1.76 with high volume.

Traders should now look for long-biased trades in ABIO as long as it's trending above its 50-day at $1.47 or above more support at $1.30 and then once it sustains a move or close above those breakout levels with volume that hits near or above 669,132 shares. If that breakout triggers soon, then ABIO will set up to re-fill some of its previous gap down zone from May that started near $2.80 a share.

Accretive Health

Accretive Health ( AH) is a provider of services to the health care providers. This stock closed up 1.6% to $8.69 in Thursday's trading session.

Thursday's Range: $8.54-$8.81
52-Week Range: $8.03-$13.54
Thursday's Volume: 809,000
Three-Month Average Volume: 335,380

From a technical perspective, shares of AH spiked modestly higher here with above-average volume. This stock has been downtrending badly for the last six months, with shares sliding lower from over $11 to its recent low of $8.03. During that downtrend, shares of AH have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of AH have now started to rebound off that $8.03 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if AH manages to take out some near-term overhead resistance levels at its 50-day moving average of $8.93 to more resistance at $9.06 with high volume.

Traders should now look for long-biased trades in AH as long as it's trending above that recent low of $8.03 and then once it sustains a move or close above those breakout levels with volume that hits near or above 335,380 shares. If that breakout hits soon, then AH will set up to re-test or possibly take out its next major overhead resistance levels at $10.06 to $10.20, or even $11.

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