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
TheStreet Open House

8 Stocks Under $10 Soaring Higher

Stocks in this article: SZYMSNSSCISAMRNCIALODEGERNPEIX

Amarin

Amarin (AMRN) is a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health. This stock is trading up 6.4% to $8.50 in recent trading.

Today's Range: $8.00-$8.52

52-Week Range: $7.01-$15.96

Volume: 3.51 million

Three-Month Average Volume: 4.71 million

From a technical perspective, AMRN is spiking higher here right off some near-term support at $7.95 with lighter-than-average volume. This stock has been trending range bound for the last month, with shares moving between $7.56 on the downside and $8.85 on the upside. This move is quickly pushing AMRN within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading pattern. That breakout will hit if AMRN manages to take out some near-term overhead resistance levels at $8.72 to $8.85 and then once it takes out its 50-day at $9.31 with high volume.

Traders should now look for long-biased trades in AMRN as long as it's trending above some key near-term support at $7.95, and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.71 million shares. If that breakout triggers soon, then AMRN will set up to re-test or possibly take out its next major overhead resistance levels at $9.59 to $10. Any high-volume move above $10 will then give AMRN a chance to re-fill its massive gap down zone from last December that started near $12.50.

Citizens

Citizens (CIA) is an insurance holding company, which serves the life insurance needs of individuals in the U.S. This stock is trading up 6.5% to $9.91 in recent trading.

Today's Range: $9.36-$10.08

52-Week Range: $7.77-$11.71

Volume: 120,000

Three-Month Average Volume: 64,148

From a technical perspective, CIA is soaring higher here back above its 200-day moving average of $9.78 with above-average volume. This stock had been downtrending badly for the last month, with shares falling from its high of $11.71 to its recent low of $9.10. During that move, shares of CIA have been consistently making lower highs and lower lows, which is bearish technical price action.

3 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!
DOW 16,366.50 -13.91 -0.08%
S&P 500 1,900.77 +14.01 0.74%
NASDAQ 4,304.1940 +45.7560 1.07%

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