One under-$10 name that's trading within range of triggering a big breakout trade is LiveDeal (LIVE), which, together with its subsidiaries, delivers local customer acquisition services for small and medium-sized businesses. It provides online marketing Internet directory services. This stock is off to a solid start in 2012, with shares up over 50%.
If you take a look at the chart for LiveDeal, you'll notice that since April, this stock has been uptrending from a low of $3.87 to a recent high of $6.90 a share. During that uptrend, shares of LIVE have consistently made higher lows and higher highs, which is bullish technical price action. That move has now pushed LIVE within range of triggering a major breakout trade.
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