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

Tekmira Pharmaceuticals

One under-$10 stock that's trending very close to trigger a near-term breakout trade is Tekmira Pharmaceuticals (TKMR), which is engaged in a biopharmaceutical business focused on advancing novel RNA interference therapeutics and providing its lipid nanoparticle delivery technology to pharmaceutical partners. This stock is off to a slow start in 2013, with shares off by 3.2%.

If you take a look at the chart for Tekmira Pharmaceuticals, you'll notice that this stock is just starting to trend back above its 50-day moving average of $4.70 a share with heavy upside volume. Volume so far today has already registered over 313,000 shares, which is well above its three-month average action of 33,912 shares. That move is quickly pushing shares of TKMR within range of triggering a near-term breakout trade.

Traders should now look for long-biased trades in TKMR if it manages to break out above some near-term overhead resistance levels at $4.87 to $4.94 a share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 33,912 shares. If that breakout triggers soon, then TKMR will set up to re-test or possibly take out its next major overhead resistance levels at $5.53 to $5.78 a share. Any high-volume move above $5.78 will then put $6.78 into range for shares of TKMR.

Traders can look to buy TKMR off any weakness to anticipate that breakout and simply use a stop that sits just below some near-term support at around $4.50 a share. One can also buy TKMR off strength once it takes out those breakout levels with volume and then simply use a stop that sits right below its 50-day moving average of $4.70 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
CADX $0.00 0.00%
TKMR $4.02 -1.95%
CBLI $3.47 1.76%
FRO $8.42 -8.68%
TNK $4.00 -5.21%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs