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 With Big Upside Potential

Pacific Ethanol

A stock under-$10 name in the chemical manufacturing complex that's worth eyeing here is Pacific Ethanol (PEIX - Get Report), a marketer and producer of low-carbon renewable fuels in the Western U.S. This stock has traded virtually flat in 2011, with shares up by just 1.15%.

If you take a look at the chart for Pacific Ethanol, you'll notice that this stock plunged from its June high of close to $2.50 a share to a recent low of 25 cents a share. After hitting that low, the stock started to trade sideways and broke out over 36 cents and then run up to its current price of 73 cents. Now the stock is setting up for a major breakout if it can manage to clear some past overhead resistance with high volume.

>>5 Breakout Stocks to Recoup Your Losses

Market players should now watch for PEIX to clear 77 cents on volume that's close to or well above its three-month average action of 4.35 million shares. The stock has already hit 75 cents today intraday trading and volume is tracking in very strong at over 4.68 million shares at last check. If this stock does trigger a breakout in the coming days or weeks over 77 cents, then look for a monster move back towards $1.12 or possibly much higher.

Once could simply be a buyer of this stock off any near-term weakness and simply use a stop at around 70 cents a share. You could also just buy into strength and get long once 77 cents is taken out to the upside with heavy volume. Use a tight mental stop just below 77 cents if you buy off of strength.
4 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
SYM TRADE IT LAST %CHG
AMSC $5.45 16.70%
AIQ $14.32 -0.21%
FTK $19.56 6.54%
PLUG $1.71 -2.84%
PEIX $7.08 -0.56%

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs