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Myrexis(MYRX) is a biopharmaceutical company with a pipeline of differentiated product candidates in oncology and autoimmune diseases. This stock is trading up 2.9% to $2.48 in recent trading.
Today's Range: $2.37-$2.48
52-Week Range: $2.26-$3.32
Three-Month Average Volume: 40,935
From a technical perspective, MYRX is bouncing higher here off some near-term support at $2.35 with light volume. This move is quickly pushing MYRX within range of triggering a near-term breakout trade. That trade will hit once MYRX manages to take out its 50-day at $2.48, and then some near-term overhead resistance at $2.50 with high volume.
Traders should now look for long-biased trades in MYRX once it sustains a move or close above those levels with volume that hits near or above 40,935 shares. If that breakout triggers soon, then MYRX will setup to re-test or possibly take out its next major overhead resistance levels at $2.65 to $2.74. Any high-volume move above those levels will then setup MYRX to trend north of $3 in the near future.
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.