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

Rubicon Technology

Another under-$10 name that's quickly moving within range of triggering a major breakout trade is Rubicon Technology ( RBCN), an electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other innovative crystalline products for LEDs, RFICs, blue laser diodes, optoelectronics and other optical applications. This stock is off to a hot start in 2013, with shares up by 22%.

If you take a look at the chart for Rubicon Technology, you'll notice that this stock has recently started to rebound off its 50-day moving average of $6.04 a share with heavy upside volume flows. That rebound has now started to push RBCN back above its 200-day moving average of $7.60 a share and above some a key near-term breakout level at $7.62 a share. At last check, RBCN has hit an intraday high of $7.70 a share and volume is well above is three-month average action of 381,737 shares.

Market players should now look for long-biased trades in RBCN as long as it's trending above those key breakout levels of $7.60 to $7.62 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 381,737 shares. If RBCN can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $8.50 to $9.50 a share. Any high-volume move above $9.50 will then put $10 to $10.80 into focus for shares of RBCN.

Traders can look to buy RBCN off weakness to anticipate that breakout and simply use a stop that sits just below $7 a share. One can also buy RBCN off strength once it clears those breakout levels with volume and then simply use the same stop below $7 a share.

This stock is a favorite target of the short-sellers, since the current short interest as a percentage of the float for RBCN is extremely high at 23.9%. This stock has monster short-squeeze potential if this breakout holds, so make sure to have this name on watch.
5 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 $1.10 0.00%
ENPH $2.51 0.00%
MELA $0.93 0.00%
RBCN $0.68 0.00%
SNFCA $4.90 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs