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8 Stocks Under $10 Trending Sharply Higher

Supernus Pharmaceuticals

Supernus Pharmaceuticals ( SUPN) is a specialty pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system, or CNS, diseases. This stock closed up 5.2% to $5.39 on Tuesday.

Tuesday's Range: $4.94-$5.44
52-Week Range: $4.30-$16.68
Volume: 1.53 million
Three-Month Average Volume: 381,992

Shares of SUPN ripped higher on Tuesday after the company beat Wall Street EPS estimates by 8 cents per share.

>>5 Rocket Stocks to Buy This Week

From a technical perspective, SUPN ripped higher here right above some near-term support at $4.85 with heavy upside volume. This move is quickly pushing shares of SUPN within range of triggering a major breakout trade. That trade will hit if SUPN manages to take out its 50-day at $5.64 and then once it clears more near-term resistance levels at $5.68 to $6.29 with high volume.

Traders should now look for long-biased trades in SUPN as long as it's trending above some key near-term support levels at $5 or $4.85 and then once it sustains a move or close above those breakout levels with volume that hits near or above 381,992 shares. If that breakout triggers soon, then SUPN will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $8.

BG Medicine

BG Medicine ( BGMD) is a life sciences company focused on the discovery, development and commercialization of novel diagnostic tests based on biomarkers for high-value market opportunities in healthcare. This stock closed up 3.5% to $1.73 on Tuesday.

Tuesday's Range: $1.65-$1.76
52-Week Range: $1.00-$7.10
Volume: 154,000
Three-Month Average Volume: 255,357

From a technical perspective, BGMD trended up here right above some near-term support levels at $1.60 to $1.56 with lighter-than-average volume. This stock has been trending sideways for the last month and change, with shares moving between $1.56 on the downside and around $2 on the upside. Shares of BGMD are now quickly moving within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading chart pattern. That breakout will hit if BGMD manages to take out its 50-day at $1.76 and then once it clears more resistance levels at $1.84 to $2 with high volume.

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SYM TRADE IT LAST %CHG
CADX $0.00 0.00%
BDBD $10.19 0.00%
MEIP $2.12 0.00%
SUPN $13.47 0.00%
SYRG $12.46 0.00%

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