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4 Biotech Stocks Under $10 Moving Higher

Stocks in this article: FOLDCURCLDXARRY

Neuralstem (CUR)

This is a biotechnology company, which is engaged in the development and commercialization of treatments for central nervous system disease based on transplanting human neural stem cells and the use of small molecule drugs. This stock is trading up 10% to $1.20 in recent trading.

Today's Range: $1.09-$1.23

52-Week Range: $0.42-$1.96 Volume: 1.27 million

Three-Month Average Volume: 1.62 million

From a technical perspective, CUR is ripping higher here right off its 50-day moving average of $1.12 with decent volume. This move is quickly pushing CUR within range of triggering a major breakout trade. That trade will hit once CUR mangos to take out some key overhead resistance levels at $1.25 to $1.55 with high volume.

Traders should now look for long-biased trades in CUR as long as it's trending above its 50-day at $1.12, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.62 million shares. If that breakout triggers soon, then CUR will set up to re-test or possibly take out its next major overhead resistance levels at $1.96 to $2.03.

Celldex Therapeutics (CLDX)

This is a biopharmaceutical company focused on the development and commercialization of several immunotherapy technologies for the treatment of cancer and other difficult-to-treat diseases. This stock is trading up 5% to $5.99 in recent trading.

Today's Range: $5.71-$6.00

52-Week Range: $2.37-$6.71

Volume: 570,000

Three-Month Average Volume: 689,355

From a technical perspective, CLDX is trending higher here back above its 50-day moving average of $5.88 with decent volume. This move is quickly pushing CLDX within range of triggering a near-term breakout trade. That trade will hit once CLDX manages to take out some near-term overhead resistance levels at $5.97 to $6.18 with high volume. At last check, CLDX has hit an intraday high of $6 and volume is just a bit below its three-month average action of 689,355 shares.

Traders should now look for long-biased trades in CLDX as long as it's trending above its 50-day at $5.88, and then once it sustains a move or close above those breakout levels with volume that hits near or above 689,355 shares. If that breakout triggers soon, then CLDX will set up to re-test or possibly take out its next major overhead resistance levels at $6.71 to $7. Keep in mind that any move above $6.71 will push CLDX into new 52-week high territory, which is bullish technical price action.

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