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3 Biotech Stocks Under $10 Surging Higher

Complete Genomics

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Complete Genomics (GNOM) is a life sciences company that has developed and commercialized a DNA sequencing platform. This stock is trading up 9.7% to $2.58 in recent trading.

Today's Range: $2.50-$2.75

52-Week Range: $1.57-$10.71

Volume: 828,000

Three-Month Average Volume: 1.98 million

>>5 Stocks Under $10 Set to Soar

From a technical perspective, GNOM is gapping up sharply higher here right off its 50-day moving average of $2.26 with light volume. This move is coming after GNOM recently sold off from over $3.34 to $2.10 in just a few weeks.

Traders should now look for long-biased trades in GNOM as long as the stock is trending above its 50-day moving average of $2.26, and then once it clears its 200-day moving average of $3.01 with high volume. Look for a sustained move or close above $3.01 with volume that registers near or above 1.98 million shares. If we get that action soon, then look for GNOM to re-test and possibly take out its next major overhead resistance levels at $3.13 to $3.34.

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