Another under-$10 stock that looks poised for higher prices is Uranerz energy (URZ), an exploration stage company engaged in the acquisition, exploration and development of properties in the uranium sector. This stock has been under pressure so far in 2012, with shares down over 35% in the last six months.
If you take a look at the chart for Uranerz Energy, you'll see that this stock has been trading inside of a huge range for the past three months, with shares moving between $1.60 on the upside and around $1.20 on the downside. What's interesting here is that URZ has been making higher lows for the past two months as it has trended within that range. This price action, along with bullish volume flows, is telling me that the probably if an upside breakout is increasing as URZ nears that $1.60 level.
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