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 Under $10 With Big Upside Potential

Swift Transportation

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

If you're looking for an under-$10 name in the trucking complex, then take a look at Swift Transportation (SWFT - Get Report). This company is a transportation services company and a truckload carrier in North America. This stock has been trending lower in 2011, with shares off by around 30% so far this year.

This stock is rising by around 6% today after the company reported better-than-expected third-quarter earnings driven by improving volumes and pricing.

If you take a look at the chart for Swift Transportation, you'll notice that this stock was hammered by the bears from its July high of $14.36 to a recent a 52-week low of $5.39 a share. Since hitting that low in early October, the stock has spiked big and now trades at just over $8.46 a share. Traders should now watch for this stock to trigger a big breakout if it can manage to trade above $8.84 to $9.40 a share with solid volume.

Volume today is tracking in very strong with over 4.7 million shares traded, which is well above its three-month average volume of 2.3 million shares. A high-volume move above $8.84 to $9.40 should set this stock up to make a run at its 200-day moving average of $12.10 or possibly even higher.

>>Stocks Rising on Unusual Volume

One could be a buyer of this stock on any notable weakness and anticipate the breakout, or you could just wait for the breakout and then get long off strength. If you buy off weakness, I would use a mental stop at around the 50-day moving average of $7.76 a share. If you get long off strength, buy a high-volume move over $8.84 and then add aggressively over $9.40 a share. Use a mental stop for that trade that's a few percentage points below $8.84.

This stock has a notable short interest since around 8% of the tradable float is sold short by the bears. The bears have also been increasing their bets from the last reporting period by 20.7%, or by about 1.1 million shares. Look for a tradable short-squeeze in SWFT once it clears $9.40 with volume.

As of the most recently reported period, Swift was one of the holdings of Daniel Loeb's Third Point.
5 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
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
OCZ $0.00 0.00%
CMC $15.46 1.80%
DNN $0.48 5.60%
SWFT $19.64 -0.51%
AAPL $113.29 0.33%


Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs