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 Set to Trigger Big Moves

Coffee Holding

One name under-$10 name in the food processing complex that could be setting up for a big spike higher is Coffee Holding (JVA - Get Report), an integrated wholesale coffee roaster and dealer in the U.S. This stock has been hammered during the last six months, with shares off by over 65%.

If you take a look at the chart for Coffee Holding, you'll notice that this stock is very close to triggering a big breakout trade if it can manage to take out some key technical levels soon. Those key technical levels are its 50-day moving average of $8.97 and some near-term overhead resistance at $9.15 a share. This stock has failed to trade above its 50-day moving average for more than a day or two for the past six months, so a move above it now should be considered very bullish.

Market players should now watch JVA for a sustained high-volume move and close above $8.97 and $9.15 a share to trigger a major breakout trade. Look for volume that registers near or above its three-month average action of 714,848 shares. If we get that action soon, then look for JVA to re-test $10.65 to $11.70 (its 200-day) in the near future.

You could be a buyer of JVA off strength and get long once it manages to close above its 50-day moving average of $8.97 with volume. I would simply use a mental stop that's a few percentage points below that level in case the move fails. I would then add aggressively to any long positions once the stock takes out $9.15 with high-volume.

This is another name with an extremely high short interest, since 26.9% of the tradable float is currently sold short by the bears. Due to this high short interest, a high-volume move over the 50-day could easily spark a massive short-squeeze that spikes JVA significantly higher.
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
OCZ $0.00 0.00%
JVA $3.43 2.69%
SIRI $3.36 -1.90%
AAPL $94.39 0.39%
FB $100.00 -3.90%


Chart of I:DJI
DOW 15,901.65 -303.32 -1.87%
S&P 500 1,846.72 -33.33 -1.77%
NASDAQ 4,272.86 -90.2840 -2.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs