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

Aeterna Zentaris

One under-$10 name in the biotechnology and drugs complex that's trading very close to triggering a major breakout trade is Aeterna Zentaris (AEZS - Get Report), whose pipeline encompasses compounds at all stages of development, from drug discovery through to marketed products. This stock has been under pressure so far in 2012, with shares down by over 50%.

If you take a look at the chart for AEZS, you'll notice that this stock has been uptrending strong for the past two months, with shares trending higher from 38 cents to today's high of 76 cents. During that uptrend, shares of AEZS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed AEZS within range of triggering a major breakout. If that breakout hits soon, then AEZS will have a great chance of re-filling a previous gap that started above $2 earlier this year.

Traders should now look for long-biased trades in AEZS once it manages to break out above some past overhead resistance at 84 cents per share with high volume. Look for a sustained move or close above 84 cents with volume that registers near or above its three-month average action of 1.2 million shares. If that breakout triggers soon, then AEZS will get into that gap and it could potentially trade all the way back towards $2 a share.

Traders can look to buy AEZS off weakness with a stop that sits just below some major near-term support at 60 cents per share. One could also just buy AEZS once it clears 84 cents per share with volume, and then simply use a stop just below 70 cents.
4 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

Check Out Our Best Services for Investors

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
AEZS $4.05 0.00%
AMPE $4.21 0.00%
CIM $14.20 0.00%
GURE $1.51 0.00%
SNTA $0.40 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs