One under-$10 stock that's trending very close to triggering a major breakout trade is Rubicon Technology (RBCN - Get Report), which manufactures synthetic electronic materials for opto-electronic, semiconductor fabrication, telecommunications and optical and laser applications. This stock has been hit hard by the bears during the last six months, with shares down by 30%.
If you take a look at the chart for Rubicon Technology, you'll notice that this stock has been trending range bound for the last three months, with shares moving between $5.82 on the downside and $6.98 on the upside. Shares of RBCN have just started to move back above its 50-day moving average of $6.40 a share and it's quickly moving within range of triggering a breakout trade above the upper-end of its recent sideways trading pattern.
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