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

4 Stocks Under $10 Making Big Moves

JA Solar

JA Solar (JASO - Get Report) designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers. This stock closed up 0.5% to $5.67 on Wednesday.

Wednesday's Range: $5.60-$6.09

52-Week Range: $2.90-$10.85

Volume: 1.90 million

Three-Month Average Volume: 466,330

Shares of JASO traded up modestly Wednesday after the company said it expects fourth-quarter shipments to be 480 megawatts to 500 megawatts of solar products, well above the company's previous guidance range of 380 megawatts to 420 megawatts.

From a technical perspective, JASO trended up right off some near-term support at $5.55 with heavy upside volume. This stock has been trading in a tight consolidation pattern for the last month and change, with shares moving between $6.14 on the upside and $5.16 on the downside. Shares of JASO are now starting to move within range of triggering a breakout trade above the upper-end of its sideways chart pattern. That breakout will hit if JASO manages to take out some near-term overhead resistance at $6.14 with high volume.

Traders should now look for long-biased trades in JASO as long as it's trending above $5.55 and then once it sustains a move or close above $6.14 with volume that hits near or above 466,330 shares. If that breakout triggers soon, then JASO will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $7.55.

Nova Measuring Instruments

Nova Measuring Instruments (NVMI - Get Report) develops, produces and markets metrology systems for process control and monitoring in semiconductor manufacturing. This stock closed up 4.1% to $9.46 on Wednesday.

Wednesday's Range: $9.11-$9.67

52-Week Range: $6.82-$9.50

Volume: 305,000

Three-Month Average Volume: 71,679

Shares of NVMI jumped higher on Wednesday after the company beat Wall Street expectations on revenue and met expectations on earnings per share. The company posted revenue of $22.1 million and its gross margin was 50%.

From a technical perspective, NVMI ripped higher here right off some near-term support at $8.80 and above its 50-day moving average at $8.45 with above-average volume. This move briefly pushed shares of NVMI into breakout territory and new 52-week-high territory, since the stock flirted with some near-term overhead resistance levels at $9.45 to $9.50. At last check, NVMI hit an intraday high of $9.67 but closed at $9.46 with volume that was well above its three-month average action of 71,679 shares.
2 of 3

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
JASO $8.26 -0.84%
NVMI $11.25 0.00%
PTEK $1.35 0.00%
YONG $7.05 0.14%
AAPL $92.69 -0.59%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs