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Strong Buy
XOMA 4 Stocks Under $10 to Trade for Big BreakoutsXOMA 4 Stocks Under $10 to Trade for Big Breakouts ByRoberto PedoneFollow | 03/10/15 - 02:01 PM EDT Find out if (MNGA) is in Cramer's Portfolio. Xoma Xoma (XOMA - Get Report) discovers and develops antibody-based therapeutics in the U.S., Europe, and the Asia Pacific. This stock is trading up 2.2% to $3.84 in Tuesday's trading session. Tuesday's Range: $3.65-$3.91 52-Week Range: $3.22-$6.45 Tuesday's Volume: 3.14 million Three-Month Average Volume: 2.53 million From a technical perspective, XOMA is spiking higher right off its 50-day moving average of $3.63 and its showing relative strength here versus the overall market weakness with strong upside volume flows. This move to the upside on Tuesday has also pushed shares of XOMA into breakout territory, since the stock has flirted with some near-term overhead resistance at $3.82. That move is now starting to push shares of XOMA within range of triggering a much bigger breakout trade above some key near-term overhead resistance levels. That trade will hit if XOMA manages to take out some near-term overhead resistance levels at $4 to its 200-day moving average of $4.16 with high volume. Traders should now look for long-biased trades in XOMA as long as it’s trending above some near-term support at $3.46 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.53 million shares. If that breakout hits soon, then XOMA will set up to re-test or possibly take out its next major overhead resistance level a t $4.33 to $4.50, or even $5. http://www.thestreet.com/story/13074299/5/4-stocks-under-10-to-trade-for-big-breakouts.html |
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