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
TheStreet Open House

5 Stocks Under $10 Moving Higher

Stocks in this article: MDCIBLDRACHMRGEPCO

Medical Action Industries

Medical Action Industries ( MDCI) develops, manufactures, markets and supplies a variety of disposable medical products. This stock closed up 4.7% to $6.19 in Thursday's trading session.

Thursday's Range: $5.95-$6.39
52-Week Range: $2.25-$10.07
Thursday's Volume: 63,000
Three-Month Average Volume: 121,755

From a technical perspective, MDCI spiked sharply higher here right off some near-term support at $5.89 and back above its 50-day moving average of $6.06 with lighter-than-average volume. This stock recently plunged lower from its high of $10.07 to its low of $5.04. During that sharp drop, shares of MDCI were consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of MDCI have now started to rebound sharply off that $5.04 low and it's quickly moving within range of triggering a major breakout trade. That trade will hit if MDCI manages to take out its 200-day moving average at $6.49 and then once it clears more resistance at $6.76 to $7.13 with high volume.

Traders should now look for long-biased trades in MDCI as long as it's trending above some key near-term support at $5.89 and then once it sustains a move or close above those breakout levels with volume that hits near or above 121,755 shares. If that breakout triggers soon, then MDCI will set up to re-test or possibly take out its next major overhead resistance levels at $8 to $9.

Aluminum Corporation of China

Aluminum Corporation of China ( ACH) is a vertically integrated aluminum producer with operations in bauxite mining, alumina refining, primary aluminum smelting and aluminum fabrication. This stock closed up 4.8% to $9.36 in Thursday's trading session.

Thursday's Range: $9.13-$9.36
52-Week Range: $7.25-$13.29
Thursday's Volume: 94,000
Three-Month Average Volume: 81,112

From a technical perspective, ACH moved higher here right above its 50-day moving average of $8.77 with above-average volume. This stock has been uptrending very strong for the last three months, with shares soaring higher from its low of $7.24 to its recent high of $9.59. During that uptrend, shares of ACH have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ACI within range of triggering a near-term breakout trade. That trade will hit if ACH manages to take out some near-term overhead resistance levels at $9.59 to its 200-day moving average of $9.70 with high volume.

2 of 4

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!
DOW 16,712.58 +34.68 0.21%
S&P 500 1,954.35 +3.53 0.18%
NASDAQ 4,467.3950 +14.6030 0.33%

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