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 Under $10 Set to Soar

Delcath Systems

One more under-$10 pharmaceutical and medical device player that looks ready to trend sharply higher is Delcath Systems ( DCTH), which focuses on the treatment of primary and metastatic liver cancers. This stock has been hit hard by the bears so far in 2013, with shares off big by 64%.

>>The Pros Hate These 5 Stocks -- Should You?

If you take a look at the chart for the Delcath Systems, you'll notice that this stock has dropped sharply over the last few weeks, with shares dropping from its high of 66 cents to 38 cents per share. That drop took shares of DCTH right to its 50-day moving average at 37 cents per share. Shares of DCTH are now starting to spike higher right off its 50-day, and it's quickly moving within range of triggering a near-term breakout trade.

Traders should now look for long-biased trades in DCTH if it manages to break out above some near-term overhead resistance at 46 cents per share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 2.62 million shares. If that breakout triggers soon, then DCTH will set up to re-test or possibly take out its next major overhead resistance levels at 66 cents per share to its 200-day moving average at 87 cents per share.

Traders can look to buy DCTH off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day at 37 cents per share. One can also buy DCTH off strength once it clears 46 cents per share with volume and then simply use a stop that sits a comfortable percentage from your entry point.

To see more hot under-$10 equities, check out the Stocks Under $10 Setting Up to Explode portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including and . You can follow Pedone on Twitter at or @zerosum24.
6 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
BCRX $3.00 0.00%
DCTH $0.30 0.00%
EJ $6.64 0.00%
DVAX $14.94 0.00%
MEET $3.55 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs