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 Surge

Neptune Technologies & Bioressources

Another under-$10 name that's quickly moving within range of triggering a major breakout trade is Neptune Technologies & Bioressources ( NEPT), which researches, develops and commercialises worldwide, natural marine-derived health products with clinically proven human health benefits. This stock is off to a hot start in 2013, with shares up notably by 35%.

If you take a look at the chart for Neptune Technologies & Bioressources, you'll notice that this stock has been trending sideways in a consolidation pattern for the last four months, with shares moving between $2.30 on the downside and $2.95 on the upside. Shares of NPET have just started to bounce right off its 50-day moving average of $2.56 and it's now quickly moving within range of breaking out above the upper end of its sideways chart pattern.

Market players should now look for long-biased trades in NEPT if it manages to break out above some near-term overhead resistance levels at $2.75 to $2.95 a share and then once it clears more resistance at $3.03 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 221,979 shares. If that breakout triggers soon, then NEPT will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $3.29 to around $4 a share. Any high-volume move above $4 could then send NEPT towards its next major resistance levels at $4.75 to $5 a share.

Traders can look to buy NEPT off weakness to anticipate that breakout and simply use a stop that sits just its 50-day at $2.56 a share or below some more key near-term support levels at $2.40 to $2.30 a share. One can also buy NEPT off strength once it clears those breakout levels with volume and then simply use a stop just below its 50-day at $2.56 a share.
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
AXDX $12.55 -1.18%
BCRX $3.26 -1.81%
DRWI $6.23 -3.26%
NEPT $1.17 4.20%
PSDV $2.87 -4.97%


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