This Day On The Street
Continue to site right-arrow
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 Poised to Move Higher

Stocks in this article: RGEN PNX CIS KERX TRX

Phoenix Companies

Another under-$10 stock that's moving within range of triggering a breakout trade is Phoenix Companies (PNX - Get Report). This company provides life insurance and annuity products through third-party distributors, supported by wholesalers and financial planning specialists employed by it. This stock is up nicely so far in 2012, with shares registering a 33% gain.

If you take a look at the chart for Phoenix Companies, you'll notice that this stock has been uptrending strong for the past six months, soaring from its low in October at 97 cents per share to its recent high of $2.69 a share. This stock recently pulled back off that $2.69 high and tagged its 200-day moving of $1.91 a share, where buyers stepped back into the stock. Now PNX has moved back above its 50-day moving average of $2.16, and it's trading within range of triggering some near-term breakouts.

>>5 Buy-Rated Insurance Stocks for Long-Term Investors

Traders should look for long-biased trades in PNX if this stock can manage to break out above some near-term overhead resistance at $2.34 to $2.69 a share with high volume. Look for volume on that move that's near or well above its three-month average action of 553,631 shares. If we get that action soon, then look for PNX to make a run at its next major overhead resistance level of $2.86 a share. A high-volume move above $2.86 will then set this stock up to make a large run back towards its 2010 high near $4 a share.

Market players should look for long biased trades in PNX as long as it's trending above its 50-day moving average of $2.15 and above those key breakout levels of $2.34 to $2.86 with strong upside volume flows. I would avoid this name from the long side if PNX is tending below those levels and below its 200-day moving average of $1.91 a share.

3 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!


DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

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