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 Under $10 Triggering Breakouts

ARC Document Solutions

One under-$10 stock that's trending very close to trigger a major breakout trade is ARC Document Solutions (ARC - Get Report), which provides highly specialized document management services, document distribution and logistics, and print-on-demand services. This stock has been hammered by the sellers during the last six months, with shares off by 43%.

If you take a look at the chart for ARC Document Solutions, you'll notice that this stock is just starting to move back above its 50-day moving average of $2.45 a share with decent volume. This move is quickly pushing shares of ARC within range of triggering a major breakout trade. That breakout would send shares of ARC above its recent consolidation pattern, which has the stock trending between $2.27 on the downside and $2.81 on the upside.

Traders should now look for long-biased trades in ARC if it manages to break out above some near-term overhead resistance levels at $2.55 to $2.65 a share and then once it clears more resistance at $2.81 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 125,316 shares. If that breakout triggers soon, then ARC will set up to re-test or possibly take out its next major overhead resistance levels at $3.60 to its 200-day moving average at $3.82 a share. Any high-volume move above its 200-day would then put $4.15 to $4.24 into range for shares of ARC.

Traders can look to buy ARC off any weakness to anticipate that breakout and simply use a stop that sits just below some near-term support levels at $2.27 to $2.19 a share. One can also buy ARC off strength once it takes out those breakout levels with volume and then simply use a stop that sits just below its 50-day moving average at $2.45 a share.
2 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
ARC $4.23 1.44%
BSPM $1.21 -9.00%
DEPO $16.54 -1.55%
MDGN $4.72 -2.68%
MITK $8.04 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs