This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

5 Stocks Under $10 Poised for Upside

Stocks in this article: EGTRTKVALVDSCOFRO

Entertainment Gaming Asia

An under-$10 stock that's starting to flirt with a major breakout trade is Entertainment Gaming Asia (EGT), which engages in the ownership and leasing of electronic gaming machines in resorts, hotels and other venues, primarily in Cambodia and the Philippines. This stock is off to a red-hot start in 2012, with shares up over 225%.

If you take a look at the chart for Entertainment Gaming Asia, you'll notice that this stock has been uptrending strong since it broke out in March above some resistance at 31 cents per share on high volume. Since triggering that breakout, shares of Entertainment Gaming Asia have soared and printed new highs. Within that move, this stock has been making higher lows and higher highs, which is bullish technical price action.

Now EGT is flirting with another big breakout trade that could trigger a monster spike higher.

>>12 Highest-Rated Consumer Stocks Picked by S&P

Traders should now look for long-biased trades in EGT if it can manage to trigger a break out above some near-term overhead resistance at 75 cents with high volume. Look for volume on a sustained move or close above 75 cents that registers near or well above its three-month average action of 467,494 shares. If we get that action soon, look for EGT to tap $1.00 to $1.25 a share, or possibly even $1.75 if the bulls continue to move into this low-priced stock with big upside volume flows.

Keep in mind that EGT could pull back towards some near-term support at 68 to 60 cents before it makes another run at taking out 75 cents. That said, as long as EGT is trending above 75 cents with strong upside volume flows, then this stock has a great chance of exploding much higher in the near future.

2 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 17,856.72 +28.97 0.16%
S&P 500 2,069.80 -3.03 -0.15%
NASDAQ 4,800.3620 +13.0450 0.27%

Brokerage Partners

Rates from Bankrate.com

  • 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