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 Poised for Big Breakouts

Traders can look to buy YOKU off any weakness to anticipate that breakout and simply use a stop that sits just below its 50-day at $19.80 or right below its 200-day at $19.21 a share. One could also buy YOKU off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Kandi Technologies

Another stock that looks poised to trigger a near-term breakout trade is Kandi Technologies ( KNDI), which is engaged in designing, developing, manufacturing, and commercializing all-terrain vehicles (ATVs), go-karts, and specialized automobiles, such as electric vehicles (EVs) for the People Republic of China and global markets. This stock is off to a hot start in 2013, with shares up 33%.

If you take a look at the chart for Kandi Technologies, you'll notice that this stock recently formed a double bottom chart pattern at $4.42 to $4.41 a share. Since marking that bottom, shares of KNDI have surged higher and broke back above its 50-day moving average at $5.23 a share. That move is quickly pushing shares of KNDI within range of triggering a near-term breakout trade that could lead to a super spike higher for the stock.

Traders should now look for long-biased trades in KNDI if it manages to break out above some near-term overhead resistance levels at $5.25 to $5.67 a share high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average volume of 1.99 million shares. If that breakout triggers soon, then KNDI will set up to re-test or possibly take out its next major overhead resistance levels at $6.50 to $7.18 a share. Any high-volume move above those levels will then put its 52-week high at $8.50 into range for shares of KNDI.

Make note that this stock is spiking sharply higher today by over 10% to $5.38 a share with heavy upside volume. At last check, volume has already registered over 3.46 million shares, which is well above its three-month average action of 1.99 million shares.
2 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
LPR $0.09 0.00%
MKTG $0.00 0.00%
KNDI $6.99 -3.59%
NTE $4.83 1.90%
YOKU $27.26 -0.22%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs