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7 Stocks Under $10 Streaking Higher

Zalicus (ZLCS)

This is a biopharmaceutical company developing drug candidates with a focus on the treatment of pain and inflammation. This stock is up 7.9%, to $1.15 in recent trading.

Today's Range: $1.07-$1.16
52-week Range: $0.72-$2.90
Volume: 2,789,000
Three-Month Average Volume: 1,655,760

From a technical perspective, ZLCS is skyrocketing here, back above its 200-day moving average of $1.10 with monster volume. This move has also pushed the stock within range of triggering a near-term breakout trade. That trade will hit once ZLCS takes out some near-term overhead resistance at $1.14 with high volume.

Traders should continue to look for long-biased trades as long as ZLCS is trending above its 200-day, and if it can sustain a high-volume move or close over $1.14. Look for volume on that move that's near or above 1,655,760 shares. If we get that action soon, then look for ZLCS to tag its March high of $1.34 or possibly trend much higher.
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ZLCS $5.39 0.00%
ZGNX $10.33 0.78%
ANTH $3.57 -3.51%
HDSN $3.45 -1.43%
NOAH $25.33 3.05%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

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