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Dusa Pharmaceuticals(DUSA) is a vertically integrated dermatology that is developing and marketing Levulan photodynamic therapy. This stock is trading up 7.4% to $5.78 in recent trading.
Today's Range: $5.44-$5.89
52-Week Range: $3.25-$6.62
Three-Month Average Volume: 74,906
>>5 Stocks Ready to Get Squeezed Higher
technical perspective, DUSA is ripping to the upside here right off its
50-day moving average of $5.45 with above-average volume. This move is quickly pushing DUSA within range of triggering a near-term breakout trade. That trade will hit once DUSA manages to clear some near-term overhead resistance levels of $5.77 to $5.91, and then $6.16 with high volume. At last check, DUSA has hit an intraday high of $5.88 and volume is just starting to eclipse its three-month average volume of 74,906 shares.
Traders should now look for long-biased trades in DUSA as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that's near or above 74,906 shares. If that breakout triggers soon, then DUSA will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $6.62 to $6.83. If that $6.83 level gets taken out, then DUSA will hit a new three-year high, which is bullish technical price action.
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.