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7 Stocks Under $10 With Relative Strength

Supernus Pharmaceuticals

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Supernus Pharmaceuticals (SUPN - Get Report) is a specialty pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases, including neurological and psychiatric disorders. This stock is trading up 9.9% to $5.66 in recent trading.

Today's Range: $5.15-$5.74

52-Week Range: $4.30-$7.01

Volume: 53,000

Three-Month Average Volume: 67,079

From a technical perspective, shares of SUPN are soaring here with decent volume, and the stock has started to enter breakout territory with shares moving above some near-term overhead resistance at $5.45.

>>22 Biopharma Stocks With Breakout Potential in 2012

Traders should now look for long-biased trades as long as SUPN is trending above $5.45 with strong upside volume flows. I would consider any upside volume day that registers near or above 67,079 shares as bullish. If we continue to see that action, then look for SUPN to re-test and possibly take out its next significant overheard resistance levels at $6.10 to $6.50 in the near future. If we get that action, and $6.50 gets taken out with volume, then look for even more upside once SUPN takes out its all-time high of $7.

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SYM TRADE IT LAST %CHG
ALXA $2.07 0.00%
LEE $3.03 0.00%
SNMX $5.69 0.00%
SUPN $13.47 0.00%
VVTV $6.52 0.62%

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