One under-$10 name that's quickly moving within range of triggering a major breakout trade is Media General ( MEG), a provider of news, information and entertainment across 18 network-affiliated television stations, digital media and mobile platforms, serving consumers and advertisers in strong local markets, primarily in the Southeastern U.S. This stock has been on fire so far in 2013, with shares up sharply by 115%.
Just last week, Media General announced a merger with privately-held Young Broadcasting and Warren Buffett's Berkshire Hathaway said it will hold 5.3% of the new Media General combined company.
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