Today’s Range: $2.65-$3.15
52-Week Range: $1.87-$5.59
Volume: 242,000
Three-Month Average Volume: 151,214
>>5 Stocks Under $10 Set to Soar
From a technical perspective, BMTI is skyrocketing here back above its 200-day moving average of $2.66 with heavy volume. This move has now triggered a near-term breakout trade above $2.69 to $2.78, and this stock is flirting with an even bigger breakout trade. That bigger trade will hit once BMTI takes out some past overhead resistance at $3.01 to $3.20 with high-volume. At last check, shares of BMTI have hit an intraday high of $3.15, but it has since pulled back to its current price just under $3.
Traders should now look for long-biased trades if BMTI can sustain a move or close above $3.01 to $3.20 with volume that’s near or above 151,214 shares. If we get that action today or soon, look for BMTI to re-test and possibly take out its next significant overhead resistance levels at $3.75 to $4.20.
http://www.stockpickr.com/5-biotech-stocks-under-5-making-bullish-moves.html?puc=yahoo&cm_ven=YAHOO
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