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AspenBio Pharma(APPY - Get Report) is a biomedical diagnostic company that develops products for human diagnostic and animal health therapeutic needs. This stock is trading up 24.4% at $1.78 in recent trading.
Today's Range: $1.43-$1.78
52-Week Range: $1.18-$21.30
Three-Month Average Volume: 92,039
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From a technical perspective, APPY is skyrocketing higher here with above average volume. This move has started to push APPY above its
50-day moving average of $1.67, and it's pushing the stock within range of a major breakout trade.
Traders should now look for long-biased trades in APPY as long as it's trending above its 50-day at $1.67, and then once it sustains a move or close above $1.88 to $2.25 with high volume. Look for volume on that move that registers near or above 92,039 shares. If that breakout triggers soon, then APPY will have a great chance to re-fill some of its previous gap down zone that started above $3 back in late June.