Opexa Therapeutics

Opexa Therapeutics ( OPXA) is engaged in developing personalized cellular therapies with the potential to treat major illnesses, including multiple sclerosis. This stock is trading up 4.3% to $1.88 in recent trading.

Today's Range: $1.79-$1.91
52-Week Range: $1.07-$5.19
Volume: 244,000
Three-Month Average Volume: 387,623

From a technical perspective, OPXA is trending higher here and just starting to take out its 50-day moving average at $1.86 with decent upside volume. This move is quickly pushing shares of OPXA within range of triggering a major breakout trade. That trade will hit if OPXA manages to take out $1.92 to its 200-day at $2.05 and then once it clears more resistance at $2.25 with high volume. At last check, OPXA has hit an intraday high of $1.91 and volume is above 100,000 shares below its three-month average action of 387,623 shares.

Traders should now look for long-biased trades in OPXA as long as it's trending above today's low of $1.79 and then once it sustains a move or close above those breakout levels with volume that hits near or above 387,623 shares. If that breakout triggers soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $2.82 to $3.25. Any high-volume move above $3.25 could then send this stock past $4.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Madison, Wis.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Madison, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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