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
TheStreet Open House

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), 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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • 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