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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

5 Break-Out Stocks: The Search for Survivors

WINDERMERE, Fla. (Stockpickr) -- U.S. stocks are dropping sharply today after government data showed that the tepid U.S. economy failed to create any new jobs in August, leaving the unemployment rate unchanged at 9.1%. Many market players now fear that another recession could be in the cards since this was the worst jobs report in 11 months. It was also the first time since 1945 that the U.S. government reported a monthly net job change of zero.

As of most recent check, the Dow Jones Industrial Average was off by 241 points at 11,252.33 and the S&P 500 was trading down by 29 points to 1,175.40. The tech-heavy Nasdaq was trending down by 65 points lower to 2,480.87.

I personally love days like today because stocks that have relative strength stick out in the weak tape. If investors aren't willing to sell a stock off on a downtrend day like today, then those names could have strong bids underneath them. Reading the tape like this can often get you into stocks early before they trend significantly higher.

Related: 5 Breakout Trades on the Radar

Some names that aren't going down today include the following: Acme Packet (APKT), Universal Display (PANL), Great Basin Gold (GBG), MAKO Surgical (MAKO), SodaStream (SODA) and Molycorp (MCP). These are names that warrant a deeper look since an almost 200-point down day on the Dow is failing to bring out sellers in these stocks.

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 and doing its own thing. Trading breakouts is not a new game on Wall Street. This strategy has been by legendary traders such as William O'Neal, Stan Weinstein and Nicolas Darvas.

Here 's a look at a number of stocks that look poised to break out and potential trade higher from current levels.

Stock quotes in this article: GKK, SLV, AGQ, MVG, JAZZ, VRTX, APKT, GBG, MAKO, SODA, MCP, REGN, ORLY, PANL 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
DOW 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.9670 -34.4910 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs