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

3 Basic Materials Stocks Under $10 to Watch

Genie Energy

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Genie Energy ( GNE) is engaged in developing pioneering technologies to produce clean and affordable transportation fuels from the world's abundant unconventional fuel resources. This stock closed up 9.5% to $9.79 on Thursday.

Thursday's Range: $8.98-$9.84
52-Week Range: $5.75-$12.21
Volume: 143,000
Three-Month Average Volume: 113,398

>>4 Hot Stocks to Trade (or Not)

From a technical perspective, GNE soared higher here right off some near-term support at $9 and back above its 50-day moving average at $9.68 with above-average volume. This stock flirted with a breakout on Thursday, after shares tested some resistance at $9.80. At last check, GNE hit an intraday high of $9.84 and volume was above its three-month average action of 113,398 shares.

Traders should now look for long-biased trades in GNE as long as it's trending above its 50-day at $9.68 and then once it sustains a move or close above those $9.80 to $9.84 with volume that hits near or above 113,398 shares. If we get that move soon, then GNE will set up to re-test or possibly take out its next major overhead resistance levels at $10.50 to $11.50. Any high-volume move above $11.50 will then put its 52-week high at $12.21 into range for shares of GNE.
3 of 4

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
AKS $5.00 0.91%
PKD $3.03 1.30%
GNE $7.75 -2.30%
AAPL $94.74 -3.10%
FB $116.76 7.20%


Chart of I:DJI
DOW 17,820.48 -221.07 -1.23%
S&P 500 2,075.31 -19.84 -0.95%
NASDAQ 4,808.5970 -54.5440 -1.12%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs