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5 Biotech Stocks Under $5 Blasting Off


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Geron (GERN - Get Report) is a biopharmaceutical company developing therapies for cancer. This stock is trading up 12% at $1.93 in recent trading.

Today's Range: $1.74-$1.93

52-Week Range: $1.25-$3.13

Volume: 1.2 million

Three-Month Average Volume: 687,805

From a technical perspective, GERN is exploding to the upside here right off its 200-day moving average of $1.69 with monster volume. This move has also started to push GERN above some major overhead resistance levels at $1.88 at $1.89.

Traders should now look for long-biased trades as long as GERN is trending above today's low of $1.74 with strong upside volume flows. I would consider any upside volume day that registers near or above 687,805 shares as bullish. If GERN can continue to trade near or above those key resistance levels, then this stock will have a great chance of re-testing and possibly taking out its next major overhead resistance levels at $2.22 to $2.60
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BPAX $55.05 -1.24%
PATH $0.00 0.00%
ABIO $3.90 0.00%
GERN $2.70 0.00%
AAPL $93.24 0.00%


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