Another under-$10 name that looks poised for some decent upside is USA Technologies (USAT - Get Report), which provides technology-enabled solutions that facilitate electronic payment transactions and value-added services within the unattended point-of-sale market. This stock is off to a hot start in 2012, with shares up over 25% so far.
If you take a look at the chart for USA Technologies, you'll notice that this stock recently plunged from its 2012 high of $1.98 a share to a recent low of $1.12 a share. Following that plunge, shares of USA Technologies tagged $1.60 a share, and subsequently pulled back again to $1.18 a share. That second pullback has created higher low for this stock, and shares of USA Technologies have just bounced hard right off its 200-day moving average of $1.29 a share. That move has pushed the stock right below its 50-day moving average of $1.42 a share, and it's moved it within range of triggering a near-term breakout trade.
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