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 Stocks Poised for Breakouts


Another stock that's moving within range of triggering a near-term breakout trade is KiOR (KIOR), which has developed a proprietary technology platform to convert low-cost, abundant and sustainable non-food biomass into hydrocarbon-based oil. This stock is off to a slow start in 2013, with shares down by 8.5%.

If you look at the chart for KiOR, you'll notice that this stock has been downtrending for the last three months, with shares dropping from its high of $8.48 to the recent low of $5.45. During that downtrend, shares of KIOR have been mostly making lower highs and lower lows, which is bearish technical price action. That said, shares have started to bounce off that $5.45 low and move into range of triggering a near-term breakout trade.

Traders should now look for long-biased trades in KIOR once it manages to break out above some near-term overhead resistance levels at $6.17 a share to its 50-day moving average at $6.19 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 volume of 243,455 shares. If that breakout triggers soon, then KIOR will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $7.33 to $7.66 to $7.90 a share. Any high-volume move above $7.90 will then out $8.48 into range for shares of KIOR.

Traders can look to buy KIOR off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $5.50 to $5.45 a share. One can also buy off strength once KIOR takes out those breakout levels with volume and then simply use a stop right above $5.50 to $5.45 a share.

This is another name that is a favorite target of the short-sellers, since the current short interest as a percentage of the float for KIOR is pretty high at 16.9%. If that breakout triggers soon, then KIOR could easily experience a sharp short-covering rally.
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
KIOR $0.01 -3.45%
STNG $6.26 0.00%
UNXL $2.39 0.00%
WPRT $2.46 0.00%
AAPL $93.74 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