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


Another under-$10 biotech player that's trading very close to triggering a major breakout is PharmAthene (PIP - Get Report), a biodefense company engaged in the development and commercialization of medical countermeasures against biological and chemical weapons. This stock is off to a modest start in 2012, with shares up just 5.5%.

If you take a look at the chart for PharmAthene, you'll notice that this stock was hammered lower by the sellers from its last September high of $3.35 to a recent low of $1.07 a share. Since taping that bottom at $1.07, this stock has started to uptrend strong, making higher lows and higher highs. That strong uptrend has now pushed PIP back above its 50-day moving average of $1.26 a share, and now the stock is moving close to triggering a big breakout.

Traders should now watch PIP for a sustained high-volume move or close above $1.44 and $1.49 a share to trigger a big breakout. Look for volume that registers near or well above its three-month average action of 426,010 shares. If we get that action soon, then watch for PIP to make a run at $1.60 to $2 a share, or potentially much higher.

One could now be a buyer of PIP off any noticeable weakness and simply use a mental stop just below some near-term support at $1.26 (its 50-day) or $1.20 a share. If you buy off weakness, then I would add to any long positions once PIP breaks out above $1.44 to $1.49 with volume.

Make note that PIP has a high short interest since over 13% of the tradable float is currently sold short by the bears. This large short interest, combined with the current uptrending chart pattern, gives PIP a great chance to squeeze significantly higher if the breakout gets triggered soon.
3 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
XIDE $0.00 0.00%
WFR $0.00 0.00%
SIGA $1.00 0.00%
PIP $2.38 0.00%
RPTP $4.91 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs