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 Under-$10 Plays Primed to Pop

Sify Technologies

Another under-$10 name that's trading close to triggering a near-term breakout trade is Sify Technologies (SIFY), which is an integrated Internet, network and electronic commerce services Company, offering end-to-end solutions with a range of services delivered over a common Internet backbone infrastructure. This stock has fallen notably during the last three months, with shares off by 14.9%.

If you take a look at the chart for Sify Technologies, you'll see that this stock has been uptrending strongly for the last two months and change, with shares soaring from its low of $1.61 to its recent high of $2.47 a share. During that uptrend, shares of SIFTY have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SIFY within range of triggering a near-term breakout trade.

Market players should now look for long-biased trades in SIFY if it manages to break out above some near-term overhead resistance at $2.47 a share with high volume. Look for a sustained move or close above $2.47 a share with volume that registers near or above its three-month average action of 261,626 shares. If that breakout triggers soon, then SIFY will set up to re-test or possibly take out its next major overhead resistance levels at $3.10 to $3.45 a share.

Traders can look to buy SIFY off any weakness to anticipate that breakout and then simply use a stop that sits just below its 50-day moving average of $1.99 a share. One could also buy SIFY off strength once it takes out $2.47 a share with volume and then simply use a stop just below its 200-day moving average at $2.29 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
GTAT $0.50 -2.08%
JVA $3.36 3.10%
PRTS $2.74 1.50%
PIP $1.57 -4.30%
SIFY $1.01 3.10%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs