InterMune, Inc. (NASDAQ: ITMN): traded higher by 10.17% or $1.41/share to $15.28. In the past year, the shares have traded as low as $10.67 and as high as $51.71. On average, 1902140 shares of ITMN exchange hands on a given day and today's volume is recorded at 6218682. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $17.37 represents resistance and the 50-day moving average of $14.25 would be an area of support.
Dynavax Tech. Corp. (NASDAQ: DVAX): traded higher by 7.52% or $0.36/share to $5.15. In the past year, the shares have traded as low as $1.75 and as high as $5.24. On average, 1752770 shares of DVAX exchange hands on a given day and today's volume is recorded at 1982357. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $4.43 area where the stock will likely see buying pressure.
Discovery Laboratories (NASDAQ: DSCO): traded higher by 6.58% or $0.16/share to $2.59. In the past year, the shares have traded as low as $1.44 and as high as $5.39. On average, 1804420 shares of DSCO exchange hands on a given day and today's volume is recorded at 727453. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $3.10 represents resistance and the 200-day moving average of $2.23 would be an area of support.
Onyx Pharmaceuticals, Inc (NASDAQ: ONXX): traded higher by 5.63% or $2.21/share to $41.49. In the past year, the shares have traded as low as $27.17 and as high as $46.07. On average, 928338 shares of ONXX exchange hands on a given day and today's volume is recorded at 3339571. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $38.863 area.
Array BioPharma Inc. (NASDAQ: ARRY): traded higher by 5.44% or $0.19/share to $3.68. In the past year, the shares have traded as low as $1.58 and as high as $3.80. On average, 894092 shares of ARRY exchange hands on a given day and today's volume is recorded at 1758878. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $3.10 area where the stock will likely see buying pressure.
