This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks Under $10 Set to Soar

Stocks in this article: GEVO DEXO TRGT LNET KTOS ISTA GRO

LodgeNet Interactive

One name in the broadcasting and Cable TV sector that looks poised for higher prices is LodgeNet Interactive (LNET), a provider of interactive media and connectivity solutions to the hospitality industry in the U.S., Canada and Mexico. The bears have done a number on LNET since this stock is off by over 40% in 2011.

If you take a look at the chart for LodgeNet Interactive, you'll notice that this stock formed a triple top between April and June at $3.80 to $3.70 a share. After forming that top, the stock plunged down to its October low of $1.31 a share. The stock has since then rallied to its current price of $2.40. During that uptrend, the stock has been making mostly higher highs and higher lows, which is bullish.

>>5 Rocket Stocks Poised for Gains

Market players should now watch LNET for a breakout trade if the stock can manage to sustain a high-volume move and close above its 200-day moving average of $2.67 to $2.70 a share. Look for volume that's near or above its three-month average action of 140,381 shares. Volume on Thursday (an up day) was 1.47 million, which is well above the average volume. If we get a high-volume move above those levels I mentioned, then LNET should trend towards $3 to $3.50 a share, or possibly much higher.

You could be a buyer of LNET off any weakness and simply use a mental stop just below the 50-day moving average of $2.16 a share. You could also buy off strength and get long once the stock takes out $2.67 to $2.70 with volume. I would use a mental stop a few percentage points below those levels if you get long off strength.

This stock has a monster short interest since 28.9% of the tradable float currently sold short by the bears. If we get a breakout soon, then look for a large short-squeeze to setup since this stock is a penny stock and it's so heavily shorted.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
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.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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