This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China Armco, Wet Seal: Early Volume Plays

NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Thursday's session.

China Armco Metals (CNAM) should traded higher on increased volume after the metal distributor said one of its subsidiaries has entered into a scrap supply contract with a major China steel producer valued at up to $100 million this year. The three-month average daily volume for China Armco is 109,000. The stock closed Wednesday at $5.30.

China XD Plastics (CXDC - Get Report) was poised to gain ground Thursday after the automotive plastics manufacturer will expand into the eastern China market with a new distributor agreement. The 50-day average daily volume for China XD is 69,000. Shares finished trading Wednesday at $6.15.

Wet Seal (WTSLA) may trade higher on increased volume after the retailer said same-store sales increased 4.7% in February, compared to the Thomson Reuters estimate for a decline of 2.9%. The 50-day average daily volume for Wet Seal is 1.07 million. Shares closed Wednesday at $4.11.

ENGlobal (ENG - Get Report) should lose ground after the energy consulting provider reported a fourth-quarter loss of 3 cents a share, surprising analysts who had expected a profit of 2 cents a share. Revenue fell nearly 40% to $82.8 million, also below consensus. The three-month average daily volume for ENGlobal is 137,000. The stock finished Wednesday's session at $3.18.

-- Written by Robert Holmes in Boston.

Check out all of Thursday's high-volume, under-$5 stocks at the Dollar Store

Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CXDC $5.78 0.00%
ENG $1.03 0.00%
AAPL $112.76 0.00%
FB $89.43 0.00%
GOOG $618.25 0.00%

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs