3 Stocks Under $5 Making Big Moves

ImmunoCellular Therapeutics

ImmunoCellular Therapeutics (IMUC) is a development-stage company which is seeking to develop and commercialize new therapeutics to fight cancer using the immune system. This stock is trading up 7.8% to $2.34 in recent trading.

Today's Range: $2.24-$2.39

52-Week Range: $1.51-$4.00

Volume: 1.07 million

Three-Month Average Volume: 435,416

From a technical perspective, IMUC is ripping higher here right above its 50-day moving average of $2.05 with monster upside volume. This move has started to push shares of IMUC into breakout territory, since the stock has taken out some near-term overhead resistance levels at $2.27 to $2.28. Shares of IMUC are now quickly moving within range of another near-term breakout trade. That trade will hit if IMUC manages to take out its 200-day moving average of $2.65 with high volume.

Traders should now look for long-biased trades in IMUC as long as it's trending above $2.27 to $2.28, and then once it sustains a move or close above its 200-day at $2.65 with volume that hits near or above 435,416 shares. If that breakout hits soon, then IMUC will set up to re-test or possibly take out its next major overhead resistance levels $2.93 to $2.94. Any high-volume move above those levels will then put $3.26 to $3.50 into range for shares of IMUC.

Rosetta Genomics

Rosetta Genomics (ROSG) develops diagnostic tests and therapeutic tools. Its product portfolio comprises of tests such as miRview mets2 / mets, miRview squamous, miRview meso and miRview kidney. This stock is trading up 2% to $4.63 in recent trading.

Today's Range: $4.65-$4.76

52-Week Range: $1.40-$23.43

Volume: 136,000

Three-Month Average Volume: 553,442

From a technical perspective, ROSG is moving modestly higher here back above its 50-day moving average of $4.61 with lighter-than-average volume. This move is quickly pushing shares of ROSG within range of triggering a near-term breakout trade. That trade will hit if ROSG manages to take out some near-term overhead resistance levels at $4.95 to $5 with high volume.

Traders should now look for long-biased trades in ROSG as long as it's trending above its 50-day at $4.61, and then once it sustains a move or close above those breakout levels with volume that hits near or above 553,442 shares. If that breakout triggers soon, then ROSG will set up to re-test or possibly take out its next major overhead resistance levels at $5.50 to $5.98. Any high-volume move above $5.98 will then put $6.27 to $7 into range for shares of ROSG.

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 technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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