This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

8 Stocks Under $10 Moving Higher

Stocks in this article: CYTR BIOF TEAR OREX MTG FVE SMT APP

Orexigen Therapeutics

Orexigen Therapeutics (OREX) is a biopharmaceutical company focused on the development of pharmaceutical product candidates for the treatment of obesity. This stock closed up 9.7% to $5.95 on Thursday.

Thursday's Range: $5.37-$6.00

52-Week Range: $3.10-$7.73

Volume: 2.19 million

Three-Month Average Volume: 1.31 million

From a technical perspective, OREX trended higher here back above its 50-day moving average of $5.70 with above-average volume. This move is quickly pushing shares of OREX within range of triggering a near-term breakout trade. That trade will hit if OREX manages to clear some near-term overhead resistance levels at $6.11 to $6.25 with high volume.

Traders should now look for long-biased trades in OREX as long as it's trending above its 50-day at $5.70 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.31 million shares. If that breakout hits soon, then OREX will set up to re-test or possibly take out its next major overhead resistance levels at $6.68 to $7.73. Any high-volume move above $7.73 would then push OREX into new 52-week-high territory, which is bullish technical price action.

MGIC Investment

MGIC Investment (MTG) is a provider of private mortgage insurance in the U.S. This stock closed up 6.4% to $2.98 on Thursday.

Thurday's Range: $2.36-$3.15

52-Week Range: $0.66-$5.15

Volume: 35.76 million

Three-Month Average Volume: 4.90 million

Shares of MTG soared on Thursday after revenue topped analysts' estimates and delinquencies declined over the course of the year. The company's CEO also said the firm may raise capital to cut a risk measure that breached regulatory limits.

From a technical perspective, MTG soared higher here back above its 50-day moving average of $2.76 with monster upside volume. This stock has been trading in consolidation pattern for the last two months, with shares moving between $2.36 on the downside and $3.33 on the upside. The spike on Thursday is now quickly pushing shares of MTG within range of breaking out above the upper-end of its recent range. That breakout will hit if MTG manages to clear some near-term overhead resistance levels at $2.96 to $3.33 with high volume.

2 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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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