Another under-$10 stock in the financial services complex that looks ready to trigger a breakout is NetSpeed (NTSP), a provider of general-purpose reloadable prepaid debit cards cards and related alternative financial services to underbanked consumers in the U.S. This stock hasn't done much so far in 2012, with shares down by around 5%.
If you take a look at the chart for NetSpeed, you'll notice that this stock has been trading within a tight range for the past two months, with shares bouncing between $6.40 on the downside and $8.27 on the upside. This range-bound trading action has now set this stock up for a potential move outside of the range, and that move looks to be gearing up for a topside breakout. The reason for this is because NTSP has recently ripped back above both its 200-day moving average at $7.12 and its 50-day moving average at $7.30 a share with strong volume.
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