This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks Under $10 Set to Soar

Stocks in this article: SUPN LEAP NBG MEG MTOR DCTH

National Bank of Greece

Another under-$10 stock that's trending within range of triggering a major breakout trade is National Bank of Greece ( NBG), which is engaged in providing financial services that include retail and commercial banking, global investment management, investment banking, insurance, investment activities and securities trading. This stock has been hammered by the sellers so far in 2013, with shares off big by 68%.

If you take a look at the chart for National Bank of Greece, you'll see that this stock has just started to rebound off its 52-week low at $5.03 a share with strong upside volume flows. This rebound is also coming off oversold territory, since its current relative strength index reading is 36. Oversold can always get more oversold, but it can also be an area where a stock experiences a powerful bounce higher from. As shares of NBG begin to bounce off that $5.03 low the stock is also quickly moving within range of triggering a major breakout trade.

>>4 Stocks Spiking on Big Volume

Market players should now look for long-biased trades in NBG if it manages to break out above some near-term overhead resistance at $6.21 a share with high volume. Look for a sustained move or close above that level with volume that registers near or above its three-month average action of 1.64 million shares. If that breakout triggers soon, then NBG will set up to re-test or possibly take out its next major overhead resistance levels at $9.20 to its 50-day moving average at $9.69 a share.

Traders can look to buy NBG off any weakness to anticipate that breakout and simply use a stop that sits right below its 52-week low of $5.03 a share. One can also buy NBG off strength once it clears $6.21 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs