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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

4 Tech Stocks Under $10 Ripping Higher

Ceragon Networks

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

Get Adobe Flash player

Ceragon Networks (CRNT - Get Report) is a provider of wireless backhaul solutions, which enables cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, music and video applications. This stock is trading up 5.9% at $5.66 in recent trading.

Today's Range: $5.44-$5.79

52-Week Range: $5.06-$10.83

Volume: 96,000

Three-Month Average Volume: 119,689

>>3 Tech Stocks Hedge Funds Are Buying

From a technical perspective, CRNT is bouncing here off extremely oversold conditions with decent volume. This stock has plunged huge in the last three months, with shares dropping from $9.36 to its recent low of $5.06 hit on Wednesday. That sharp move lower has pushed CRNT into oversold territory, since its current relative strength index is at 38.

Traders should now look to play an oversold bounce in CRNT if it can manage to trend above some near-term overhead resistance at $5.63 with strong upside volume flows. I would consider any upside volume day that registers near or above 119,689 shares as bullish. At last check, CRNT has hit an intraday high of $5.79 and volume is just a bit below its three-month average action of 119,689 shares. If CRNT can maintain a trend above $5.63, then this stock has a chance to bounce hard back to its 50-day moving average of $6.95 in the near future.

4 of 5

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
BIRT $6.60 0.15%
NVTL $4.58 1.55%
CRNT $1.20 0.00%
MOBI $4.48 0.00%
AAPL $128.46 0.00%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

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