5 Biotech Stocks Under $10 Set to Soar
One under-$10 stock that's within range of triggering a major breakout trade is Complete Genomics (GNOM), a life sciences company that has developed and commercialized a DNA sequencing platform. This stock has traded virtually flat so far in 2012, with shares down around 1.7%.
If you take a look at the chart for Complete Genomics, you'll see that this stock hit a near-term bottom in May at around $1.57 a share. After tagging that bottom, shares of GNOM have started to uptrend and make higher lows and higher highs, which is bullish technical price action. Also, during the last week we've seen heavy upside volume hit the chart for GNOM as the stock has risen from around $2 to its recent high of $3.34 a share. That move has now pushed GNOM within range of triggering a major near-term breakout trade.
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