Protalix Bio Therapeutics
Another under-$10 name that looks ready to break out here is Protalix Bio Therapeutics (PLX - Get Report), a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins based on its ProCellEx protein expression system, ProCellEx. This stock is off to a bullish start in 2012, with shares up over 37%.
If you take a look at the chart for Protalix Bio Therapeutics, you'll notice for the last six months, this stock has been uptrending strong, with shares soaring from a low of $4.78 to a recent high of $7.70 a share. During that sharp move higher, shares of Protalix Bio Therapeutics have mostly made higher lows and higher highs, which is bullish technical price action. That move has now pushed PLX within range of triggering a near-term breakout trade.
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