Another under-$10 stock that's starting to trade within range of triggering a near-term breakout trade is Millennial Media (MM - Get Report), which is an independent mobile advertising platform company. This stock has been crushed by the bears so far in 2013, with shares off by a whopping 50%.
If you take a look at the chart for Millennial Media, you'll notice that this stock has recently started to trend sideways in a consolidation pattern between $5.87 a share on the downside and $6.71 a share on the upside. This sideways chart pattern is coming after shares of MM downtrended badly from $10 to $5.87 a share. Shares of MM are now starting to move within range of triggering a near-term breakout trade.
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