5 Stocks Under $10 Set to Soar
One under-$10 stock in the computer services complex that's trading very close to triggering a near-term breakout trade is Motricity (MOTR), a provider of mobile data solutions serving mobile operators, consumer brands and enterprises, and advertising agencies.This stock has been crushed by the bears so far in 2012, with shares down by over 50%.
If you take a look at the chart for Motricity, you'll notice that this stock recently ripped back above its 50-day moving average of 49 per cents with above-average volume. Shares of MOTR have also started to move above some near-term overhead resistance levels at 52 to 54 per cents with above-average volume. That action is now pushing MOTR within range of triggering a major breakout trade.
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