52-Week Range: $4.45-$8.40
Thursday's Volume: 510,000
Three-Month Average Volume: 531,994 From a technical perspective, SUPN spiked modestly higher here right off its 50-day moving average of $6.94 with decent upside volume. This move is quickly pushing shares of SUPN within range of triggering a big breakout trade. That trade will hit if SUPN manages to take out some near-term overhead resistance levels at $7.40 to $7.49, and then once it clears more resistance at $7.70 with high volume. Traders should now look for long-biased trades in SUPN as long as it's trending above its 50-day at $6.94 or above more near-term support at $6.77 and then once it sustains a move or close above those breakout levels with volume that hits near or above 531,994 shares. If that breakout hits soon, then SUPN will set up to re-test or possibly take out its 52-week high at $8.40.