An under-$10 name in the recreational products complex that's trading within range of a major breakout trade is Nautilus (NLS - Get Report), whose principal business activities include designing, developing, sourcing and marketing cardiovascular and fitness products and related accessories for consumer home use, primarily in the U.S. and Canada. This stock is off to a monster start in 2012 with shares up over 70%.
If you take a look at the chart for Nautilus you'll see that this stock has been uptrending strong for the last six months, with shares soaring from a low of $1.50 to a recent high of $3.10 a share. During that move, shares of Nautilus have been making mostly higher lows and higher highs, which is bullish technical price action. This stock did experience a selloff recently back below its 50-day moving average of $2.66 a share, but it has since then recovered and is now flirting with a major breakout trade.
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