5 Stocks Under $10 Poised for Gains
Another under-$10 stock that could be a buying opportunity at current levels is biotechnology company Threshold Pharmaceuticals (THLD). This stock is one of the top stocks in 2012, with shares up over 390%.
If you take a look at the chart for Threshold Pharmaceuticals, you'll notice that this stock made a monster move during the last two months, from $1.27 a share to its recent high of $9.07 a share. During that run-up, the stock has gapped up a number of times with huge volume, and it's triggered a bunch of breakouts with volume. That said, the stock has finally seen the sellers take the upper hand since it's just pulled back from $9.07 to around $6 a share. If this stock can now hold above its 50-day moving average, then it could be setting up for a solid buying opportunity if the bulls return.
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