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

4 Stocks Under $10 Making Big Moves

Traders should now look for long-biased trades in CHTP as long as it's trending above $1.80, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.47 million shares. If that breakout triggers soon, then CHTP will set up to re-test or possibly take out its next major overhead resistance levels at $2.31 to $2.50. Any high volume move above $2.50 will then put $3 into range for shares of CHTP.

Silvercorp Metals

Silvercorp Metals (SVM) is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. Silvercorp is the largest primary silver producer in China. This stock is trading up 4.9% to $4.04 in recent trading.

Today's Range: $3.87-$4.06

52-Week Range: $3.37-$7.20

Volume: 1.11 million

Three-Month Average Volume: 1.46 million

From a technical perspective, SVM is ripping higher here right off some near-term support at $3.75 with decent upside volume. This stock has been downtrending badly for the last five months, with shares dropping from its high of $6.25 to its recent low of $3.37. During that move, shares of SVM have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of SVM have started to rebound off that $3.37 low and it's now quickly moving within range of triggering a near-term breakout trade. That trade will hit if SVM manages to take out its 50-day moving average at $4.13 and then once it clears more resistance at $4.16 with high volume.

Traders should now look for long-biased trades in SVM as long as it's trending above today's low of $3.87, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.46 million shares. If that breakout hits soon, then SVM will set up to re-test or possibly take out its next major overhead resistance levels at $4.48 to $4.56. Any high-volume move above those levels will then put $4.95 to its 200-day moving average of $5.30 into range for shares of SVM.

3 of 4

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 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

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