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

Stocks Under $10 Near Trend Line Support

NEW YORK ( Stockpickr) -- Get ready to trade with today's set of stocks near trend line support .

Trend lines, which connect two or more stock price points, are a key aspect of technical analysis, defining price movement and indicating entry and exit points. Trend line support is an area that a stock's share price has difficulty moving below, the opposite of resistance, which indicates an area that the price has difficulty moving above. Identifying support levels can give traders insight into when to pull the trigger on a trade and how to minimize downside risk.

Trend line support is forecast by a positive-sloping trend line based on the formation of increasing support levels as time has progressed. Horizontal support, a type of trend line support, occurs at a point at which many buyers have historically entered a stock, thereby consistently buoying the price at that level.

Generally speaking, buying opportunities exist when a stock bounces off a long-term trend line, and shorting opportunities exist when a stock breaks downward through a long-term uptrend line.

To learn more about trend line trading and the different kinds of support levels to watch for, read our technical primer on trend line support.

BP Oil Spill Q&A
Dan Dicker Answers Your Questions!

The following stocks were trading near their trend line support today, according to the Finviz Trend Line Support Screener.

Ashford Hospitality Trust (AHT - Get Report) is a real estate investment trust that operates in two business segments: direct hotel investments and hotel financing. The company is within the financial sector and the real estate industry.

               
                                

The chart for Ashford Hospitality Trust is showing possible trend line support at around $7.00. Currently the stock is trading 1.38% above its 20-day simple moving average, 5.22% below its 50-day simple moving average, and 38.03% above its 200-day simple moving average. Furthermore, the stock is trading 20.17% below its 52-week high and 259.07% above its 52-week low. Ashford Hospitality Trust has a market cap of $397.36 million and the short float is currently at 18.03%. The RSI is currently at 49.85.

Clearwire (CLWR) builds and operates next generation wireless broadband networks that enable fast, simple, portable, reliable and affordable Internet communications. The company is within the technology sector and the telecommunications industry.

               
                               

1 of 2

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

Check Out Our Best Services for Investors

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CLWR $0.00 0.00%
AHT $9.45 0.00%
FULT $12.26 0.00%
SOL $1.78 0.00%
AAPL $124.75 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs