BALTIMORE ( Stockpickr) -- There are breakouts brewing in the low-priced stocks this fall. With a challenging year coming to a close for many low-priced stocks, lots of individual names are starting to look "bottomy" as laggards suddenly shift into playing catch-up with the S&P 500.
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As the major market indices go "risk on" again this fall, lower-priced stocks are benefitting even more than the broad market. That's why, today, we're taking a closer look at the trading setups in five stocks under $15.
Just so we're clear, a low share price doesn't necessarily mean that we're talking about a small company, or even a "cheap" one by valuation standards -- in fact, by itself, share price isn't a very useful metric at all. But it's true that lower-priced stocks tend to trade more actively than pricier stocks of similar market capitalization. And when stocks under $15 start making moves, the gains can be substantial on a percentage basis.
That's why we're taking this technical look at five under-$15 stocks today.
For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at five technical setups worth trading now.
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