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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Biotech Stocks Under $10 Making Big Moves

ARCA biopharma

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ARCA biopharma (ABIO) is a biopharmaceutical company developing genetically targeted therapies for cardiovascular diseases. This stock closed up 3.5% to $1.45 in Tuesday's trading session.

Tuesday's Range: $1.36-$1.46
52-Week Range: $1.13-$5.94
Tuesday's Volume: 615,000
Three-Month Average Volume: 308,252

>>2 Health Care Stocks Rising on Big Volume

From a technical perspective, ABIO jumped higher here right above some near-term support at $1.34 and back above its 50-day moving average at $1.44 with above-average volume. This stock has been trending sideways for the last month and change, with shares moving between $1.25 on the downside and $1.52 on the upside. Shares of ABIO are now starting to trend within range of triggering a near-term breakout trade above the upper-end of its sideways trading pattern. That breakout will hit if ABIO manages to take out $1.52 to $1.67 with high volume.

Traders should now look for long-biased trades in ABIO as long as it's trending above some near-term support levels at $1.34 or at $1.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 308.252 shares. If that breakout hits soon, then ABIO will set up to re-fill some of its previous gap down zone from April that started near $2.75.

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