5 Stocks Under $5 Making Big Moves
Senomyx
Senomyx (SNMX) is focused on using taste receptor-based assays and screening technologies to discover and develop flavors, flavor enhancers and bitter blockers for the packaged food, beverage and ingredient supply companies. This stock is trading up 14% at $3.80 in recent trading.
Today's Range: $3.36-$3.88
52-Week Range: $2.82-$7.46 Volume: 308,000 Three-Month Average Volume: 132,525 From a technical perspective, SNMX is soaring back above its 50-day moving average of $3.53 today on big volume. Traders should continue to look for long-biased trades in SNMX if this stock can manage to take out some near-term overhead resistance at $3.94 to $3.99 with heavy volume. If we get that action soon, then look for SNMX to make a run at its 200-day moving average of $4.32 or possibly back towards its October high of $5.25. Follow @stockpickrSelect the service that is right for you!
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