One under-$10 stock that's trending very close to trigger a near-term breakout trade is Biocryst Pharmaceuticals ( BCRX), a biotechnology company that designs, optimizes and develops novel drugs that block key enzymes involved in cancer, viral infections and autoimmune diseases. This stock has been in play with the bulls so far in 2013, with shares up 38%.
If you take a look at the chart for Biocryst Pharmaceuticals, you'll notice that this stock has been uptrending for the last month, with shares moving higher from its low of $1.62 to its recent high of $2.09 a share. During that uptrend, shares of BCRX have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of BCRX within range of triggering a near-term breakout trade.
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