Alliance HealthCare Services
If you're looking for an under-$10 name in the health care facilities complex, then take a look at Alliance HelathCare Services (AIQ - Get Report), a national provider of outpatient diagnostic imaging services and a provider of radiation oncology services. This stock has been crushed in 2011, with shares off by around 69%. That huge drop could be about to change rapidly though if the bulls are ready to take back control if this stock.
If you take a look at the chart for Alliance HealthCare Services, you'll notice that this stock gapped down big in August from over $2.75 to a low of $1 a share. After that massive gap down in price, the stock has been trading in a sideways trading pattern between around $1.60 and $1.02 a share. The stock just started to move back above its 50-day moving average of $1.22 and it's now setting up for a big breakout if it can manage to clear some past overhead resistance at $1.36 a share. A move over that level should set this stock up to re-test its next significant resistance level at $1.64 a share at the minimum.