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!

6 Under-$10 Stocks Moving Higher

Durect (DRRX)

This is a specialty pharmaceutical company. It develops pharmaceutical products based on its proprietary drug delivery technology platforms. This stock closed up 7.1% to $1.20 in Tuesday's trading session.

Tuesday's Range: $1.12-$1.23

52-Week Range: $0.61-$1.85

Tuesday's Volume: 959,000

Three-Month Average Volume: 660,808

From a technical perspective, DRRX spiked sharply higher here right off its 200-day moving average of $1.11 and back above its 50-day moving average of $1.15 with strong upside volume. This move also pushed shares of DRRX into breakout territory, since the stock took out some near-term overhead resistance at $1.19. Shares of DRRX are now starting to trend within range of triggering a big breakout trade above some stiff overhead resistance. That trade will hit if DRRX manages to take out Tuesday's intraday high of $1.23 and then once it clears some key overhead resistance at $1.34 with high volume.

Traders should now look for long-biased trades in DRRX as long as it's trending above its 200-day at $1.11 or above more near-term support at $1.07, and then once it sustains a move or close above those breakout levels with volume that hits near or above 660,808 shares. If that breakout triggers soon, then DRRX will set up to re-fill some of its previous gap down zone from May that started near $1.70.

Zhone Technologies (ZHNE)

This company designs, develops and manufactures communications network equipment for telecommunications, wireless and cable operators worldwide. This stock closed up 7.1% to $3.14 in Tuesday's trading session.

Tuesday's Range: $2.88-$3.37

52-Week Range: $0.40-$3.48

Tuesday's Volume: 2.44 million

Three-Month Average Volume: 781,497

From a technical perspective, ZHNE bounced sharply higher here right above some near-term support at $2.44 with heavy upside volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $2.20 to its intraday high of $3.37. During that move, shares of ZHNE have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ZHNE within range of triggering a major breakout trade. That trade will hit if ZHNE manages to take out Tuesday's intraday high of $3.37 and then once it clears its 52-week high at $3.48 with high volume.

2 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,982.59 +22.02 0.13%
S&P 500 1,978.91 +0.57 0.03%
NASDAQ 4,444.9090 -4.6550 -0.10%

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