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3 High Volume Breakouts with Good Upside

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When a stock breaks out of a tight trading range in heavy volume it can be a sign of further upside to come. This is not only because a technical trend line has been broken but because a flood of buyers that have entered the stock are likely to provide support potentially adding on any weakness.

What sparks a high volume move in a stock can vary from a company-specific press release to industry-related news to a large purchase by an insider or institution. Although there is no guarantee that there won’t be an immediate selloff, often the dynamics of trading supply and demand dictate that a sustainable uptrend is in progress.

The week is young but there has already been some significant upside breakouts from stocks of all shapes and sizes. Some of the more compelling moves have occurred in the U.S. small-cap space where stocks tend to be more volatile and therefore have more upside potential. Here are three of the biggest breakouts.

MacroGenics (NASDAQ: MGNX) has picked up where it left off last week when it bounced off the $20 level in convincing fashion. The biopharmaceutical company recently announced results from a study of its........

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