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!

5 Stocks Under $10 Set to Soar

Atlantic Power

Another under-$10 name that's trending within range of triggering a near-term breakout trade is Atlantic Power (AT), a power generation and infrastructure company in the U.S. and Canada. This stock is has been hammered by the sellers so far in 2013, with shares off by 55%.

If you take a look at the chart for Atlantic Power, you'll notice that this stock recently gapped down big from over $10 to $6 a share on massive downside volume. Following that move, shares of AT continued to trend lower and the stock printed a new 52-week low of $4.56 a share. That move has pushed shares of AT into extremely oversold territory, since the stock has a relative strength index reading of 21.77. Shares of AT have started to bounce off that $4.56 low, and it's now quickly approaching a near-term breakout trade.

Traders should now look for long-biased trades in AT if it manages to break out above some near-term overhead resistance at $5.15 a share with high volume. Look for a sustained move or close above $5.15 a share with volume on that move that hits near or above its three-month average action of 1.54 million shares. If AT triggers that breakout soon, then this stock will set up to re-test or possibly take out its next major overhead resistance level at $5.76 to its gap down day high of $7.32 a share. Any high-volume move above $7.32 will then give AT a chance to re-fill some of its gap down zone that started near $10 a share.

Traders can look to buy AT off any weakness to anticipate that breakout and simply use a stop that sits right below $4.56 a share. One can also buy AT off strength once it takes out $5.15 with volume and then simply use a stop that's a few percentage points blow 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 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

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