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

Cytori Therapeutics

Another under-$10 stock that's trading very close to triggering a near-term breakout trade is medical equipment and supplies player Cytori Therapeutics (CYTX - Get Report), which develops, manufactures, and sells medical products and devices to enable the practice of regenerative medicine. This stock has been on fire in a big way so far in 2012, with shares up a whopping 94%.

If you take a look at the chart for Cytori Therapeutics, you'll see that this stock has been in a monster uptrend for the last six months, with shares skyrocketing from a low of $2.01 to its recent high of $4.93 a share. During that uptrend, shares of CYTX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed CYTX within range of triggering a near-term breakout trade.

Market players should now look for long-biased trades in CYTX if it can manage to trigger a break out above some near-term overhead resistance levels at $4.47 to $4.93 a share with high volume. Look for a sustained move or close above those levels with volume that hits close to or above its three-month average action of 409,383 shares. If that breakout triggers soon, then look for CYTX to re-test or possibly take out its next major overhead resistance levels at $5.72 to $7.50 a share.

Traders can look to get long CYTX off any weakness, and simply use a stop that sits right below some near-term support levels at $3.85 to $3.61 a share. One could also buy CYTX off strength once it clears those breakout levels with volume, and then simply use a stop just below $4.50 a share.
5 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
MEMS $0.00 0.00%
ADNC $4.89 -0.41%
CYTX $0.32 0.00%
FOLD $7.47 0.00%
XRS $57.86 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