4 Biotech Stocks Under $10 Making Big Moves
Cyclacel Pharmaceuticals (CYCC) is a development-stage biopharmaceutical company engaged in the discovery, development and commercialization of mechanism-targeted drugs to treat human cancers and other serious disorders. This stock is trading up 7.8% to $4.10 in recent trading.
Today's Range: $3.78-$4.1852-Week Range: $2.52-$6.16 Volume: 38,000 Three-Month Average Volume: 17,572 >>5 Big Stocks Set to Slingshot Higher From a technical perspective, CYCC is ripping higher here with above-average volume. This move has started to push CYCC above its 200-day moving average of $3.97, and it's moving CYCC within range of triggering a major breakout trade. That trade will hit once CYCC takes out some near-term overhead resistance levels at $4.06 to $4.20 with high volume. Traders should now look for long-biased traders in CYCC as long as it's trending above its 50-day at $3.60, and then once it sustains a move or close above those breakout levels with volume that's near or above 17,572 shares. If that breakout triggers soon, then CYCC will have an excellent chance of re-testing or possibly taking out its next major overhead resistance levels at $4.76 to $5. Any high-volume move above $5 would then setup CYCC to challenge more overhead resistance around $5.39 to $5.59 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.
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