First Penny Picks Is Taking a Look at a Hot Biotech Stock This Week: Rosetta Genomics (NASDAQ: ROSG)

Rosettas stock is trading up 12.9% to $4.815 in recent trading.

Friday's Range: $4.29-$4.98

52-Week Range: $1.40-$23.43

Volume: 1.46 Million

Three-Month Average Volume: 1.71 Million

From a technical perspective, ROSG is surging higher here right off some near-term support at $4 with above-average volume. This move is quickly pushing ROSG within range of triggering a major breakout trade. That trade should hit once ROSG manages to take out some near-term overhead resistance levels at $5 to $5.35 with higher than average volume.

Traders should now look for long-biased trades in ROSG as long as it's trending above $4.53, and then once it sustains a move or close above those breakout levels with volume that hits near or above the 1.71 million average daily shares traded. If that breakout triggers soon, then ROSG will set up to re-test or possibly take out its next major overhead resistance levels at $6.35 to $7.70/share. (Get Free Analysis) http://www.firstpennypicks.com/get-your-free-research-report/

Comparable Biotech Industry Stocks Include: (KERX), (ITMN), (XOMA)

Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX), Keryx Biopharmaceuticals is focused on the acquisition, development and commercialization of medically important pharmaceutical products for the treatment of renal disease. Keryx is developing Zerenex (ferric citrate), an oral, ferric iron-based compound that has the capacity to bind to phosphate and form non-absorbable complexes. The Phase 3 clinical program of Zerenex for the treatment of hyperphosphatemia (elevated phosphate levels) in patients with end-stage renal disease is being conducted pursuant to a Special Protocol Assessment (SPA) agreement with the FDA. Zerenex is also in Phase 2 development for the management of phosphorus and iron deficiency in anemic patients with Stage 3 to 5 non-dialysis dependent chronic kidney disease. (Get Free Analysis) http://www.firstpennypicks.com/get-your-free-research-report/

About InterMune (NASDAQ: ITMN), InterMune is a biotechnology company focused on the research, development and commercialization of innovative therapies in pulmonology and orphan fibrotic diseases. In pulmonology, the company is focused on therapies for the treatment of idiopathic pulmonary fibrosis (IPF), a progressive and fatal lung disease. Pirfenidone, the only medicine approved for IPF anywhere in the world, is approved for marketing by InterMune in the EU and Canada as Esbriet and is currently in a Phase 3 clinical trial to support regulatory registration in the United States. (Get Free Analysis) http://www.firstpennypicks.com/get-your-free-research-report/

XOMA Corporation (NASDAQ: XOMA) XOMA combines a portfolio of innovative therapeutic antibodies, both in late-stage clinical development and in preclinical research, with its recently launched commercial operations. XOMA focuses its antibody research and development on allosteric modulation, which offers opportunities for new classes of therapeutic antibodies to treat a wide range of human diseases. (Get Free analysis) http://www.firstpennypicks.com/get-your-free-research-report/

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