One under-$10 stock that's trending very close to trigger a major breakout trade is Discovery Laboratories (DSCO), which is engaged in the development of surfactant replacement therapies to treat respiratory disorders and diseases for which there frequently are few or no approved therapies. This stock has been trending strong for the last three months, with shares up 23%.
This company was hit with some positive news this morning after it announced a secured loan facility with Deerfield Management for up to $30 million in financing. Deerfield is a leading health care investment firm with more than $3.5 billion of assets currently under management.
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