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 Soar

Energy Conversion Devices

Another stock that's trading very close to a key breakout level is Energy Conversion Devices (ENER), which manufactures, sells and installs thin-film solar laminates that convert sunlight to clean, renewable energy using technology. This stock has put in an unbelievable run so far in 2012 with shares up over 550%.

If you take a look at the chart for Energy Conversion Devices, you'll see that this stock formed a perfect double bottom in December at 20 cents per share. After finding big buying interest at 20 cents, the stock took off and skyrocketed to a recent high of $1.74 a share. The stock pulled back off that high and hit 94 cents, but since then it has started uptrending again and making higher lows and higher highs. Now ENER is trading within range of triggering a big near-term breakout.

If you're bullish on ENER, then one could be a buyer of this stock once it breaks out above $1.37 on high-volume. Look for volume that's near or well above its three-month average action of 2,581,936 shares. At last check, ENER has hit $1.38 at its highs today and the volume is monster with over 4.24 million shares traded. If we get a high-volume move and close above $1.37 either today or soon, then look for ENER to explode back towards $1.74 or potentially much higher. It could possibly hit $2.50 which is a big overhead resistance level from back in 2011.

If you get long ENER off weakness or strength, then I would simply use a mental stop at around $1.20 a share. If this stock is going to breakout and continue its strong uptrend, then I doubt $1.20 would get violated on the downside.

Energy Conversion Devices shows up on a recent list of Solar Stocks That May Not Survive to 2014.
5 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
CSUN $0.21 -19.23%
CSIQ $17.91 0.00%
HW $20.01 0.00%
AAPL $93.74 0.00%
FB $117.58 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