From a technical perspective, ACOR is gapping up here with above average volume. This move is occurring near some previous support levels at $21.33 to $21.46.
Traders should now look for long-biased trades once ACOR clears today’s high of $22.95, and then once it takes out both its 50-day at $23.72 and its 200-day at $24.28 with high volume. Look for a sustained move or close above those levels with volume that’s near or above 326,581 shares. If we that action soon, then ACOR could re-test and possibly take out its next major overhead resistance levels at $26 to $26.65.