Ampio Pharmaceuticals

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Ampio Pharmaceuticals ( AMPE) develops proprietary drugs for metabolic disease, eye disease, kidney disease, inflammation and CNS disease. This stock is trading up 16.7% to $5.84 in recent trading.

Today's Range: $4.82-$6.37

52-Week Range: $2.06-$9.27

Volume: 205,000

Three-Month Average Volume: 99,270

From a technical standpoint, AMPE is bouncing big off of some previous support levels near $5 to $4.62. This bounce is coming on above-average volume, which is bullish. That said, the stock is still trending below both its 50-day and 200-day moving averages, which is longer-term bearish.

I wouldn't look to play this stock from the long side until it can manage to move back above its 200-day moving average of $6.62 on heavy volume.

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