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

7 Stocks Under $10 Making Big Moves

Symmetry Medical

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Symmetry Medical (SMA) is a medical device solutions company, including surgical instruments, orthopedic implants, and sterilization cases and trays. This stock is trading up 14.6% at $8.61 in recent trading.

Today's Range: $7.74-$8.84

52-Week Range: $6.41-$9.68

Volume: 203,000

Three-Month Average Volume: 193,755

Shares of SMA are soaring today after the company reported earnings per share of 14 cents for the quarter, topping Wall Street estimates of 13 cents per share. The company's revenue for the quarter was up 8% on a year-over-year basis.

From a technical perspective, SMA is skyrocketing higher here back above both its 200-day at $7.76 and its 50-day at $8.06 with above average volume. This move has also pushed SMA within range of triggering a major breakout trade. That trade will hit once SMA takes out some near-term overhead resistance levels at $8.56 to $8.78 with high volume. At last check, SMA has hit an intraday high of $8.65 and volume has just stated to eclipse its three-month average action of 193,755 shares.

Traders should now look for long-biased trades in SMA as long as it's trending above its 50-day at $8.06, and then once it clears $8.56 to $8.78 with high volume. Look for a sustained move or close above those levels with volume that's near or above 193,755 shares. If we get that action soon, then look for SMA to possibly re-test and take out its next major overhead resistance levels at $9.49 to $10.09.

6 of 8

Select the service that is right for you!

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!
DOW 17,113.51 +42.29 0.25%
S&P 500 1,980.94 +3.14 0.16%
NASDAQ 4,514.5350 +8.6830 0.19%

Brokerage Partners

Rates from

  • 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