Camelot Information Systems
An under-$10 name in the software and programming complex that's trading within range of a big breakout is Camelot Information Systems (CIS), a domestic provider of enterprise application services and financial industry information technology services in China. This stock is up modestly so far in 2012, with shares up around 7.7%.
If you take a look at the chart for Camelot Information Systems, you'll notice that this stock has been trading inside of a sideways trading pattern for the past few months between $2 and $3.15 a share. Shares of CIS recently broke out above $3.15 and ran toward a high of $3.48 a share, before pulling back to its current price of $3.07 a share. It's also worth pointing out that the move over $3.15 that took the stock to $3.48 came with monster upside volume.
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