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6 Stocks Under $10 Moving Higher

Ampio Pharmaceuticals

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Ampio Pharmaceuticals (AMPE - Get Report) develops proprietary drugs for metabolic disease, eye disease, kidney disease, inflammation and CNS disease. This stock is trading up 16.7% to $5.84 in recent trading.

Today's Range: $4.82-$6.37

52-Week Range: $2.06-$9.27

Volume: 205,000

Three-Month Average Volume: 99,270

From a technical standpoint, AMPE is bouncing big off of some previous support levels near $5 to $4.62. This bounce is coming on above-average volume, which is bullish. That said, the stock is still trending below both its 50-day and 200-day moving averages, which is longer-term bearish.

I wouldn't look to play this stock from the long side until it can manage to move back above its 200-day moving average of $6.62 on heavy volume.

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SYM TRADE IT LAST %CHG
LCC $0.00 0.00%
AMPE $2.27 -5.81%
NBG $1.36 -3.55%
RLD $12.11 -0.49%
RITT $1.02 -6.40%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

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