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

7 Under-$10 Stocks Rising on Explosive Volume

Today's Range: $2.93-$3.00

52-Week Range: $1.28-$5.19

Volume: 398,000

Three-Month Average Volume: 1.28 million

This stock is trending higher ahead of a data release for the results from a 4 key Phase II trials for its primary drug candidate, Zerenex. That data is expected to be released in the next several weeks.

From a technical perspective, KERX is bouncing higher here right off some near-term support at $2.80 with light volume. This action is quickly pushing KERX within range of triggering a major breakout trade. That trade will hit once KERX manages to clear $3 to $3.08 with high volume. If those levels get taken out, then KERX will have nothing but a gap down zone above it for resistance, since the stock gapped down in April from $5 to below $1.75.

Traders should now look for long-biased trades in KERX as long as it's trending above its 50-day at $2.68, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.28 million shares. If that breakout triggers soon, then KERX will set up to re-fill some of that massive gap from April. Some possible upside targets are $4 to $5 in the near future.

Progenics Pharmaceuticals (PGNX)

This is a biopharmaceutical company, which develops and commercializes innovative therapeutic products to treat the unmet medical needs of patients with debilitating conditions and life-threatening diseases. This stock is trading up 6.6% to $2.25 in recent trading.

Today's Range: $2.03-$2.52

52-Week Range: $1.41-$11.34

Volume: 2.47 million

Three-Month Average Volume: 263,297

Shares of PGNX are spiking notably higher today after the company priced its underwritten public offering of 11 million shares of common stock at $2 per share.

From a technical perspective, PGNX is bouncing higher here right off some near-term support at $2 with heavy upside volume. This move is quickly pushing PGNX within range of triggering a near-term breakout trade. That trade will hit once PGNX manages to take out some near-term overhead resistance at $2.52 to its 50-day at $2.68 with high volume.
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
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
LDK $0.00 0.00%
ACTV $0.00 0.00%
AMD $3.55 0.00%
KERX $5.44 0.00%
YGE $4.55 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