4 Under-$10 Stocks Moving Higher
Acadia Pharmaceuticals (ACAD)
Acadia Pharmaceuticals (ACAD) is focused on the development and commercialization of small molecule drugs for the treatment of central nervous system disorders. This stock is trading up 8.8% to $2.47 in recent trading.
Today's Range: $2.40-$2.67
52-Week Range: $0.93-$3.06
Volume: 5.02 million Three-Month Average Volume: 1.28 million From a technical perspective, ACAD is ripping higher here with monster upside volume. This move is quickly pushing ACAD within range of triggering a major breakout trade. That trade will hit once ACAD manages to take out some near-term overhead resistance levels at $2.64 to $2.80 with high volume. At last check, ACAD has hit an intraday high of $2.67 and volume is well above its three-month average action of 1.28 million shares. Traders should now look for long-biased trades in ACAD as long as it's trending above its 50-day at $2.27, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.28 million shares. If that breakout triggers soon, then look for ACAD to re-test or possibly take out its next major overhead resistance levels at $3.06 to $3.30. 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.Follow Stockpickr on Twitter and become a fan on Facebook.
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