Protalix Bio Therapeutics

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Protalix Bio Therapeutics ( PLX) is a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins based on its ProCellEx protein expression system, ProCellEx. This stock is trading up 3% to $6.43 in recent trading.

Today's Range: $6.29-$6.46

52-Week Range: $4.06-$7.16

Volume: 319,000

Three-Month Average Volume: 347,900

From a technical perspective, PLX is gapping up notably higher today on decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once PLX takes out some past overheard resistance at $6.70 to $7.28 with high-volume.

Traders should now look for long-biased trades in PLX if it can sustain a move or close above those levels with volume that's near or well above 347,900 shares. If we get that action soon, look for PLX to make a run at its next significant overhead resistance level of $10.

To see more stocks under-$10 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 stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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