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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks Under $10 Set to Soar

Stocks in this article: EXEL DRYS ROSG JRCC NG


One under-$10 stock that could be poised for a powerful bounce higher is Exelixis (EXEL), a biotechnology company engaged in developing small molecule therapies for the treatment of cancer. Exelixis is focusing its resources and development efforts on cabozantinib (XL184). This stock has been hit hard by the bears during the last six months, with shares off by 20%.

If you take a look at the chart for Exelixis, you'll notice that this stock was hammered by the sellers during the last few trading sessions, with shares plunging from $6.95 to a recent low of $4.27 a share. That selloff came with monster volume, and during the move shares of EXEL never once flashed a buy signal since it was clearly downtrending.

That said, the stock has now entered oversold territory since its relative strength index reading is trending below 30. Shares of EXEL have also now dropped down near some previous support levels at $4.40 to $4 a share.

>>5 Stocks Insiders Love Right Now

Just this morning, huge upside volume is moving into EXEL with over 31 million shares traded versus its three-month average volume of 1.8 million shares. At last check, EXEL is up 5.2% off that monster upside volume. That huge volume is due to a secondary offering that price 30 million shares at $4.25.

Traders should now look for long-biased trades in EXEL if it can manage to hold a trend above $4.40 to $4 a share with strong upside volume flows. I would consider any upside volume day that registers near or above 1.88 million shares as bullish. If EXEL continues to see buyers step in here and support that price above $4 a share, then we could easily see this stock make a huge bounce. Some upside targets off an oversold bounce are $5.50 to $6 a share.

2 of 6

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 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

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