This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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 Trade Higher in November

Stocks in this article: AIQ ARWR ANTH RIMM EDMC AERL

Research In Motion

Another under-$10 name that's trading very close to triggering a near-term breakout trade is Research In Motion (RIMM)(RIMM). This company designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. It provides platforms and solutions for access to information, including email, voice, and instant messaging. This stock has been trending down so far in 2012, with shares off by around 40%.

If you look at the chart for Research In Motion, you'll notice how this stock has found some buying interest during the last few weeks right above its 50-day moving average of $7.41 a share. Following that buying, shares of RIMM have started to trend higher and break out above some near-term overhead resistance at $8.08 a share, and above $8.45 to $8.49 a share. At last check, RIMM has hit an intraday high of $8.85 and volume is tracking in strong.

Market players should now look for long-biased trades in RIMM as long as it's trending above $8.08 a share with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 21,865,700 shares as bullish. If RIMM can maintain that trend, then this stock has a great chance to re-test or possibly take out its next major overhead resistance levels at $10.66 to $11.09 a share. Any high-volume move above $11.09 could put $12 to $13 a share into focus for RIMM.

Traders can look to buy RIMM off any weakness, and simply use a stop that sits just below its 50-day at $7.41 a share. Or you can buy off strength above $8.49 a share, and simply use a stop just below $8.08 a share.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • 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