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5 Stocks Under $5 Making Big Moves

Transition Therapeutics

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Transition Therapeutics (TTHI) is a product-focused biopharmaceutical company developing therapeutics for disease indications with large markets. This stock is trading up 4.6% at $2.26 in recent trading.

Today's Range: $2.11-$2.26

52-Week Range: $1.15-$2.74

Volume: 18,000

Three-Month Average Volume: 25,539

From a technical perspective, TTHI is trending higher here back above its 50-day moving average of $2.15 with decent volume. This move is quickly pushing TTHI within range of triggering a near-term breakout trade. That trade will hit once TTHI takes out some near-term overhead resistance at $2.27 with high volume.

Traders should now look for long-biased trades in TTHI as long as its trending above its 50-day, and then once it sustains a move or close above $2.27 with volume that's near or above 25,539 shares. If that breakout triggers soon, then TTHI will have an excellent chance of re-testing or possibly taking out its next major overhead resistance levels at $2.60 to $2.74. Keep in mind that TTHI would trigger a major breakout if it were to clear $2.74 to $2.79 with high volume. That would push the stock into new 52-week-high territory, which is bullish technical price action.

To see more stocks 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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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
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SYM TRADE IT LAST %CHG
LPR $0.09 0.00%
AMRS $1.70 0.00%
CBLI $3.74 0.00%
BWEN $3.12 0.00%
TTHI $1.97 0.00%

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