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

Atossa Genetics

Another stock that's quickly moving within range of triggering a major breakout trade is Atossa Genetics (ATOS), a health care company focused on the commercialization of cellular and molecular diagnostic risk assessment products and related services for the detection of pre-cancerous conditions that could lead to breast cancer. This stock has been on fire so far in 2013, with shares up 101%.

This company has a catalyst on the horizon, since its set to present at the 25th Annual Roth Conference on March 19. The company plans on discussing its growth strategy and will provide updates on its national rollout of ForeCYTE Breast Health Test.

If you look at the chart for Atossa Genetics, you'll notice that this stock recently formed a double bottom chart pattern at around $6.10 to $6.20 a share. That bottoming pattern also formed right above ATOS's 50-day moving average of $5.68 a share. Shares of ATOS are now starting to rip significantly higher off that double-bottom area, and the stock is quickly moving within range of triggering a major breakout trade.

At last check, ATOS has hit an intraday high of $8.25 and volume at over 245,000 shares is dramatically higher than its three-month average action of 20,172 shares.

Market players should now look for long-biased trades in ATOS if it manages to break out above its intraday high of $8.25 a share and then its all-time high of $9.45 a share with high volume. Look for a sustained move or close above those breakout levels with volume that hits near or above its three-month average action of 20,172 shares. If that breakout triggers soon, then ATOS will enter new all-time high territory above $9.45, which is bullish technical price action. Some possible upside targets are $13 to $15 a share, or even higher.

Traders can look to buy ATOS off any notable weakness to anticipate that breakout and simply use a stop that sits near today's low of $6.45 or near that double bottom area at $6.20 to $6.10 a share. One can also buy ATOS off strength once it clears those breakout levels with volume and then simply use a stop that's a comfortable percentage from your entry point.

4 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from

  • 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