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

5 Stocks Under $10 Setting Up to Soar

PowerSecure International

If you're looking for an under-$10 name in the energy complex, then take a look at energy services and smart grid solutions provider PowerSecure International (POWR - Get Report). This stock has been off to a slow start in 2011, with shares off by over 25%. That said, the stock is soaring by over 20% today after the company reported strong third quarter results. Roth Capital also upgraded the stock today with a $6.50 price target due to those strong results and backlog.

If you take a look at the chart for PowerSecure International, you'll notice that this stock is just starting to break out today above some past overhead resistance at $4.60 and now $5.40 a share on heavy volume. Volume today is easily going to register above its three-month average action of 138,200 shares, since at last check it's already over 126,600 shares.

A sustained move and close above $5.40 should set this stock up for a monster run back towards the next significant overhead resistance levels at $7.50 a share, or possibly even higher.

>>5 Big Stocks to Trade for Gains

One could be a buyer of this stock off any weakness and simply use a mental stop that's just a few percentage points below $5.40 a share. I would then simply stop out of the trade if shares move below the 50-day moving average by a few percentage points. I would add any long position once the stock takes out its 200-day moving average of $6.39 on heavy volume.

The current short interest as a percentage of the float for POWR is rather high at 9.5%. That's a pretty high short interest, so monitor this name for continued upside in the coming days and weeks.

PowerSecure is one of TheStreet Ratings' top-rated scientific instrument stocks.

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
Submit an article to us!
SYM TRADE IT LAST %CHG
AMCC $5.66 0.00%
COOL $1.36 0.00%
CYTX $0.90 0.00%
POWR $13.15 0.00%
AAPL $128.27 -0.33%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs