4 Biotech Stocks Under $10 Making Big Moves
Trius Therapeutics (TSRX) is a biopharmaceutical company focused on the discovery, development and commercialization of antibiotics for life threatening infections. This stock is trading up 5% to $5.97 in recent trading.
Today's Range: $5.71-$6.0652-Week Range: $4.71-$8.00 Volume: 278,000 Three-Month Average Volume: 191,044 >>5 Stocks Under $10 Poised for Breakouts From a technical perspective, TSRX is bouncing hard here right off its 50-day moving average of $5.65 with above average volume. This move has also pushed TSRX into breakout territory, since the stock has moved above some near-term overhead resistance at $5.95. Traders should now look for long-biased in TSRX as long as it's trending above its 50-day moving average with strong upside volume flows. I would consider any upside volume day that registers near or above 191,044 shares as bullish. If TSRX can maintain that trend, and especially continue to trend above $5.95, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance level at $6.49.
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