This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

4 Biotech Stocks Under $10 Making Big Moves

Stock quotes in this article: ONTY, ZIOP, GALE, ACRX

Ziopharm Oncology

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Ziopharm Oncology (ZIOP) is a biopharmaceutical company engaged in the development and commercialization of small molecule and synthetic biology approaches to new cancer therapies. This stock is trading up 13.5% to $1.84 in recent trading.

Today's Range: $1.70-$1.86

52-Week Range: $1.49-$6.33

Volume: 2.98 million

Three-Month Average Volume: 2.12 million

Shares of ZIOP are soaring higher here after the company reported encouraging results from a preclinical trial of cancer therapy Ad-RTS-MiL-12. The drug is designed to enable the controlled delivery of a protein important for immune response to cancer.

From a technical perspective, ZIOP is gapping sharply higher here off extremely oversold territory with heavy upside volume. This stock recently gapped down big from over $5 to around $1.75 with heavy downside volume. Following that gap, shares of ZIOP went on to hit its recent 52-week low of $1.49. That gap down pushed shares of ZIOP into extremely oversold territory, since the stock's relative strength index dipped below 30. Shares of ZIOP are now quickly moving within range of triggering a major breakout trade. That trade will hit if ZIOP manages to take out its gap down day high of $2.11 with high volume.

Traders should now look for long-biased trades in ZIOP as long as it's trending above today's low of $1.70, and then once it sustains a move or close above that gap down day high of $2.11 with volume that hits near or above 2.12 million shares. If that breakout triggers soon, then ZIOP will set up to re-fill some of its previous gap down zone from late March that started just above $5.

4 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,809.84 -233.06 -1.37%
S&P 500 1,945.83 -26.46 -1.34%
NASDAQ 4,415.8780 -77.5120 -1.72%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs