This Day On The Street
Continue to site
ADVERTISEMENT
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 Set to Soar

Millennial Media

Another under-$10 stock that's starting to trade within range of triggering a near-term breakout trade is Millennial Media (MM - Get Report), which is an independent mobile advertising platform company. This stock has been crushed by the bears so far in 2013, with shares off by a whopping 50%.

If you take a look at the chart for Millennial Media, you'll notice that this stock has recently started to trend sideways in a consolidation pattern between $5.87 a share on the downside and $6.71 a share on the upside. This sideways chart pattern is coming after shares of MM downtrended badly from $10 to $5.87 a share. Shares of MM are now starting to move within range of triggering a near-term breakout trade.

>>3 Tech Stocsk Under $10 Spiking Higher

Market players should now look for long-biased trades in MM if it manages to break out above some near-term overhead resistance levels at $6.71 to $6.92 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 1.72 million shares. If that breakout hits soon, then MM will set up to re-test or possibly take out its next major overhead resistance levels at $7.37 to its 50-day moving average at $8.37 a share. Any high-volume move above its 50-day will then put $8.80 to $9.50 into range for shares of MM.

Traders can look to buy MM off weakness to anticipate that breakout and simply use a stop that sits just below some key near-term support levels at $6.01 to $5.87 a share. Once can also buy off strength once MM takes out those breakout levels with volume and then use a stop that's a few percentage points below your entry point.
3 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BLRX $1.58 5.33%
MM $1.34 1.52%
POZN $9.06 5.47%
REDF $1.29 -4.44%
RAD $8.16 2.00%

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs