Another under-$10 stock that looks ready to trigger a major breakout trade is Life Partners (LPHI), which is a specialty financial services company and the parent company of Life Partners. This stock is off to a hot start so far in 2013, with shares up sharply by 15.9%.
If you take a look at the chart for Life Partners, you'll notice that this stock has been trending in a consolidation pattern for the last two months, with shares moving between $2.60 on the downside and $3.16 on the upside. This tight consolidation pattern has formed a massive base for shares of LPHI, and the stock is just now starting to move within range of triggering a major breakout trade above the upper-end of its recent range.
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