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


One under-$10 stock that's trading within range of triggering a major breakout trade is IsoRay (ISR - Get Report), which develops, manufactures and sells isotope-based medical products and devices for the treatment of cancer and other malignant diseases. This stock has been blazing a trail to the upside so far in 2012, with shares up over 80%.

If you take a look at the chart for IsoRay, you'll see that this stock has been uptrending very strong since mid-April, with shares skyrocketing from 38 cents to a recent high of $1.60 a share. During that uptrend, shares of IsoRay were making higher lows and higher highs, which is bullish technical price action. After hitting that high at $1.60, the stock pulled back to 84 cents and has now resumed its uptrend again with shares trading at around $1.25 a share. Shares of IsoRay are now moving within range of triggering a major near-term breakout trade.

>>5 Health Care Stocks Setting Up to Break Out

Market players should now look for long-biased trades in ISR if it can manage to trigger a breakout trade above some near-term overhead resistance at $1.26 to $1.41 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 498,384 shares. If we get that action soon, then ISR has a great chance of re-testing and taking out its next significant overhead resistance level at $1.60 to $1.89 a share. It's very possible that this stock is setting up for a major move above $2 a share if that breakout triggers soon.

If you like the setup here for ISR, then I would look to buy this stock off any weakness and simply use a stop right below its 50-day moving average of 91 cents per share. I would add to any long positions once ISR takes out $1.26 and then $1.41 with high-volume. Also look to add above $1.60 to $1.83 if the stock makes that monster move soon.
2 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
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
Only $49.95
14-Days Free
14-Days Free
ECYT $3.30 -1.50%
GALE $1.24 2.00%
ISR $1.02 -1.90%
LXRX $12.03 -1.90%
PIP $2.34 -1.30%


Chart of I:DJI
DOW 17,637.29 -23.42 -0.13%
S&P 500 2,046.02 -4.61 -0.22%
NASDAQ 4,697.1260 -19.9680 -0.42%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs