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 Set to Soar

Security National Financial

Another under-$10 stock that's quickly moving within range of triggering a near-term breakout trade is Security National Financial ( SNFCA), which operate in three business segments: life insurance, cemetery and mortuary services and mortgage loans. This stock has been under a bit of pressure in 2013, with shares off by 9.8%.

>>Fight Your Urge to Fight the Fed

If you take a look at the chart for Security National Financial, you'll notice that this stock recently formed a double bottom chart pattern at $6.55 to $6.60 a share. Shares of SNFCA have now also started to bounce right off its 200-day moving average of $6.60 a share with decent upside volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade.

Market players should now look for long-biased trades in SNFCA if it manages to break out above some near-term overhead resistance levels at $7.63 to its 50-day at $8.06 a share and then once it takes out more resistance at $8.41 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 301,406 shares. If that breakout hits soon, then SNFCA will set up to re-test or possibly take out its next major overhead resistance level at $9.42 a share. Any high-volume move above $9.42 would then put $12 to $13 into range for shares of SNFCA.

Traders can look to buy SNFCA off weakness to anticipate that breakout and simply use a stop that sits just below its 200-day at $6.60 a share. One can also buy SNFCA off strength once it takes out those breakout levels with volume and then simply use a stop just below $7 a share. I would add to either position once SNFCA takes out resistance at $8.41 to $9.42 with heavy upside volume.

This is a heavily-shorted stock, since the current short interest as a percentage of the float for SNFCA is 15.2%. Any bullish price action that pushes this stock into breakout territory could easily spark a monster short-squeeze, so make sure to have this name on your breakout trading radar.
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
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
ATRS $0.92 -5.14%
ENPH $2.08 -0.95%
MELA $0.85 -6.96%
SNFCA $4.90 -0.61%
RBCN $0.62 -0.94%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs