Exact Sciences Continues Mysterious Rally

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EXACT Sciences Corporation EXAS shares are trading higher by $1.88 (27 percent) at $8.92 in Tuesday's session. Following a flat open, the issue immediately found support at $7.02 and began to move higher.

So far, it has reached $9.26 and fallen back to the $9 area. That marks the highest level for the issue since it peaked on December 31 at $9.36.

It should noted today's rally is taking place on much higher than average volume. With less than one hour to go, it has over 17 million shares compared to its 20-day average of only 2 million.

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