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 Poised for Breakouts

Sinovac Biotech

One stock that's trending very close to triggering a major breakout trade is Sinovac Biotech (SVA - Get Report), which is a fully integrated, profitable China-based biopharmaceutical company that focuses on the research, development, manufacturing and commercialization of vaccines that protect against human infectious diseases. This stock is off to a hot start in 2013, with shares up 24%.

If you take a look at the chart for Sinovac Biotech, you'll notice that this stock has been trending sideways for the last few weeks, with shares moving between $3.56 on the downside and $3.95 on the upside. Shares of SVA have just started to bounce right above the 50-day moving average of $3.43 and are now quickly moving within range of taking out the upper-end of their recent sideways chart pattern.

>>4 Health Care Stocks Under $10 to Watch

Traders should now look for long-biased trades in SVA if it manages to break out above some near-term overhead resistance at $3.95 a share with high volume. Look for a sustained move or close above $3.95 a share with volume that hits near or above its three-month average action of 380,098 shares. If that breakout triggers soon, then SVA will set up to re-test or possibly take out its recent super spike high of $5.09 a share.

At last check, SVA has hit an intraday high of $4.12 a share and volume is already tracking in well above its three-month average action with 1.54 million shares traded.

Traders can look to buy SVA off any weakness to anticipate that breakout and simply use a stop that sits just below some key near-term support at $3.56 or below its 50-day moving average of $3.43 a share. One could also buy SVA off strength once it takes out $3.95 a share with volume and then simply use a stop near those same support levels at $3.56 to $3.43 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
ACUR $2.04 -0.49%
BKS $8.30 0.54%
FB $99.80 -4.10%
SVA $6.71 -4.80%
ZNGA $2.09 -8.30%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.53 -26.52 -1.41%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs