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5 Biotech Stocks Under $10 Blasting Higher

Amicus Therapeutics

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Amicus Therapeutics (FOLD - Get Report) is a biopharmaceutical company focused on the discovery, development and commercialization of orally administered, small molecule drugs known as pharmacological chaperones for treating a range of diseases, including lysosomal storage diseases and diseases of neurodegeneration. This stock is trading up 3.7% at $5.31 in recent trading.

Today's Range: $5.10-$5.42

52-Week Range: $2.10-$7.29

Volume: 77,000

Three-Month Average Volume: 265,905

>>5 Rocket Stocks to Buy This Week

From a technical perspective, FOLD is moving notably higher here above some near-term overhead resistance at $5.30 with light volume. Shares of FOLD are also challenging its 50-day moving average of $5.32. At last check, FOLD has hit an intraday high of $5.42 and volume so far is well below its three-month average action of 265,905 shares.

Traders should now look for long-biased trades if FOLD can manage to sustain a move or close above $5.32 to $5.42 with high volume. Look for volume that's near or above its three-month average volume of 265,905 shares. If we get that action soon, then FOLD could potentially make a run at its July high of $6.89.

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.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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ARNA $4.64 0.00%
CYTX $1.11 0.00%
FOLD $12.00 0.00%
GTXI $0.72 0.00%
SNSS $2.64 0.00%


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