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TheStreet Open House

5 Stocks Under $10 to Trade for Breakouts

Traders should now look for long-biased trades in VICL as long as it's trending above support at $1.25 or $1.21 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.14 million shares. If that breakout hits soon, then VICL will set up to re-fill some of its previous gap down zone from August that started near $3.75.

Transition Therapeutics

Transition Therapeutics ( TTHI) is a product-focused biopharmaceutical company, developing therapeutics for disease indications with markets. This stock closed up 9.5% to $4.80 in Thursday's trading session.

Thursday's Range: $4.38-$4.83
52-Week Range: $1.90-$4.99
Thursday's Volume: 143,000
Three-Month Average Volume: 157,125

From a technical perspective, TTHI exploded to the upside here right above its 50-day moving average of $4.16 with decent upside volume. This move pushed shares of TTHI into breakout territory, since the stock took out some past overhead resistance at $4.53. Shares of TTHI are now quickly moving within range of triggering another big breakout trade. That trade will hit if TTHI manages to clear Thursday's high of $4.83 to its 52-week high at $4.99 with high volume.

Traders should now look for long-biased trades in TTHI as long as it's trending above $4.50 or its 50-day at $4.16 and then once it sustains a move or close above those breakout levels with volume that hits near or above 157,125 shares. If that breakout hits soon, then TTHI will set up to tag $6 to $7.

Clean Diesel Technologies

Clean Diesel Technologies ( CDTI) is a manufacturer and distributor of heavy-duty diesel and light-duty vehicle emissions control systems and products to major automakers and retrofitters. This stock closed up 11% to $1.61 in Thursday's trading session.

Thursday's Range: $1.45-$1.63
52-Week Range: $1.10-$3.05
Thursday's Volume: 483,000
Three-Month Average Volume: 182,652

From a technical perspective, CDTI exploded to the upside here right off its 50-day moving average of $1.48 with heavy upside volume flows. This move is quickly pushing shares of CDTI within range of triggering a big breakout trade. That trade will hit if CDTI manages to take out Thursday's high of $1.63 to some more near-term overhead resistance levels at $1.65 to $1.68 with high volume.

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