One under-$10 stock that's trading within range of triggering a major breakout trade is IsoRay (ISR - Get Report), which develops, manufactures and sells isotope-based medical products and devices for the treatment of cancer and other malignant diseases. This stock has been blazing a trail to the upside so far in 2012, with shares up over 80%.
If you take a look at the chart for IsoRay, you'll see that this stock has been uptrending very strong since mid-April, with shares skyrocketing from 38 cents to a recent high of $1.60 a share. During that uptrend, shares of IsoRay were making higher lows and higher highs, which is bullish technical price action. After hitting that high at $1.60, the stock pulled back to 84 cents and has now resumed its uptrend again with shares trading at around $1.25 a share. Shares of IsoRay are now moving within range of triggering a major near-term breakout trade.
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