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4 Biotech Stocks Under $10 Soaring Higher

Biosante Pharmaceuticals

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Biosante Pharmaceuticals (BPAX) is a specialty pharmaceutical company focused on developing products for female sexual health and oncology. This stock is trading up 3.6% to $2.04 in recent trading.

Today's Range: $1.91-$2.10

52-Week Range: $1.21-$16.56

Volume: 1.6 million

Three-Month Average Volume: 891,209

>>5 Rocket Stocks Ready to Rally

From a technical perspective, BPAX is moving notably higher here with above-average volume. This move is quickly pushing BPAX within range of triggering a near-term breakout trade. That trade will hit once BPAX manages to take out some near-term overhead resistance at $2.20 to $2.24 with high volume.

Traders should now look for long-biased trades in BPAX once it manages to clear those breakout levels with volume that's near or above 891,209 shares. If that breakout triggers soon, then BPAX will setup to re-test or possibly take out its next major overhead resistance levels at $2.94 to its 200-day moving average of $3.19.

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