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Protalix Bio Therapeutics(PLX) is a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins based on its ProCellEx protein expression system, ProCellEx. This stock is trading up 3% to $6.43 in recent trading.
Today's Range: $6.29-$6.46
52-Week Range: $4.06-$7.16
Three-Month Average Volume: 347,900
From a technical perspective, PLX is gapping up notably higher today on decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once PLX takes out some past overheard resistance at $6.70 to $7.28 with high-volume.
Traders should now look for long-biased trades in PLX if it can sustain a move or close above those levels with volume that's near or well above 347,900 shares. If we get that action soon, look for PLX to make a run at its next significant overhead resistance level of $10.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.