This Day On The Street
Continue to site right-arrow
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

5 Stocks Poised for Breakouts

TeleCommunication Systems

Another stock that's moving within range of triggering a near-term breakout trade is TeleCommunication Systems (TSYS - Get Report), which develops and delivers reliable and secure wireless communication technology. This stock has exploded higher during the last six months, with shares up a whopping 84%.

If you look at the chart for TeleCommunication Systems, you'll see that this stock is ripping higher today back above its 50-day moving average of $2.40 a share with monster upside volume. The volume on the day has already registered over 848,000 shares, which is well above its three-month average action of 266,832 shares. This move is quickly pushing shares of TSYS within range of triggering a near-term breakout trade.

Traders should now look for long-biased trades in TSYS once it manages to break out above some near-term overhead resistance levels at $2.65 to $2.70 a share and then once it takes out more resistance at $2.89 to $3.09 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 266,832 shares. If that breakout triggers soon, then TSYS will set up to re-test or possibly take out its next major overhead resistance levels at $4.09 to $4.30 a share. Any high-volume move above $4.30 will then put $5.57 into range for shares of TSYS.

Traders can look to buy TSYS off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support at $2.17 a share. One can also buy off strength once TSYS takes out those breakout levels with volume and then simply use a stop right below its 50-day moving average of $2.40 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

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
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!
ACRX $3.74 0.00%
APRI $1.91 0.00%
NGVC $27.09 0.00%
NKTR $11.09 0.00%
TSYS $3.69 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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