This Day On The Street
Continue to site
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

5 Stocks Setting Up to Break Out

WINDERMERE, Fla. ( Stockpickr) -- Following a drop of more than 400 points on the Dow on Thursday, U.S. equity markets continue to swing wildly on Friday as investors pile right back into the gold trade.

As of most recent check, the Dow was off by around 110 points at 10,880.08, and the S&P 500 was down by 10.69 points at 1129.96. The tech-heavy Nasdaq was also lower, by 23 points at 2357.38. At one point during today's session, the Dow was trading over 11,000, so you can see that volatility continues on Wall Street.

Strong demand for gold has propelled gold to a series of record highs as market players worry over the potential for a worldwide recession. Many traders are also concerned that a European bank may soon collapse Lehman-style if that region is hit with a widespread banking meltdown. Europe has tried to stem the banking problem by banning short-selling on bank stocks on a number of major exchanges. There was a similar attempt in the U.S. during our banking crisis in 2008, but it failed to stop U.S. bank stocks from plunging dramatically.

Related: 5 Big Stocks to Trade for Gains

Gold soared as high as $1,881.40 an ounce during today's trading session. This record high has now put the yellow metal up over 30% so far in 2011. The strength in gold has also pushed a number of gold miner stocks into new 52-week-high territory. Gold mining players such as Yamana Gold (AUY), New Gold (NGD) and Randgold Resources (GOLD) have all printed new 52-week highs today as gold has soared.

The top traders in the world know that markets are made up of thousands of stocks and tons of sectors. With so many moving parts, there's always some sector or stock that's acting strong, doing its own thing and staging a breakout.

With that in mind, here's a look at a number of stocks that look poised to break out and trade higher from current levels.
1 of 6

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
MOTR $1.92 -0.52%
AUQ $0.00 0.00%
ZAGG $9.16 -6.20%
GME $26.97 1.10%
LLNW $1.10 -3.90%


Chart of I:DJI
DOW 15,954.93 +294.75 1.88%
S&P 500 1,860.28 +31.20 1.71%
NASDAQ 4,327.2480 +60.4110 1.42%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs