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
TheStreet Open House

5 Stocks Under $10 Making Big Moves

Amira Nature Foods

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

Get Adobe Flash player

Amira Nature Foods ( ANFI) is a global provider of packaged Indian specialty rice, with sales in over 40 countries. This stock closed up 10.2% to $5.27 in Tuesday's trading session.

Tuesday's Range: $8.62-$9.27
52-Week Range: $6.25-$9.80
Thursday's Volume: 959,000
Three-Month Average Volume: 119,341

Shares of ANFI ripped to the upside today after the company posted strong net income and sales in the first quarter that topped Wall Street expectations. Amira said its net income more than doubled on greater sales volumes and higher prices in India and other markets.

>>5 Stocks Under $10 That Hedge Funds Love

From a technical perspective, ANFI gapped up sharply higher here back above its 50-day moving average of $8.23 with heavy upside volume. This move pushed shares of ANFI into breakout territory, since the stock took out some near-term overhead resistance levels at $8.67 to $8.85 and then $9.14. Those latter breakout levels weren't able to hold, since shares of ANFI closed at $8.81, but above its 50-day moving average of $8.23.

Traders should now look for long-biased trades in ANFI as long as it's trending above its 50-day at $8.23 and then once it sustains a move or close above Tuesday's high of $9.27 with volume that hits near or above 119,341 shares. If we get that move soon, then ANFI will set up to re-test or possibly take out its 52-week high at $9.80. Any high-volume move above $9.80 will then put its all-time high at $10.25 within range for shares of ANFI.

5 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from

  • 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