7 Stocks Under $10 Making Big Moves

Galena Biopharma

Galena Biopharma (GALE) is a biotechnology company focused on discovering, developing and commercializing therapies addressing unmet medical needs using RNAi-targeted and immunotherapy technologies. This stock is trading up 19% at $1.49 in recent trading.

Today's Range: $1.30-$1.62

52-Week Range: $0.36-$3.54

Volume: 4.8 million

Three-Month Average Volume: 3.3 million

>>Stocks Rising on Unusual Volume

From a technical perspective, GALE is soaring higher here on above average volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once GALE takes out some near-term overhead resistance at $1.43, and then its 50-day moving average of $1.61 with volume.

Traders should now look for long-biased trades off a sustained move or close above those levels with volume that's near or above 3,272,970 shares. At last check, GALE has hit an intraday high of $1.63 and volume is well above its three-month average action of 3,272,970 shares. If we get that action today or soon, look for GALE to make a run at $1.80 to $2.20 in the near-term.

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