This Day On The Street
Continue to site
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

4 Stocks Under $10 Making Big Moves

NetSol Technologies

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

Get Adobe Flash player

NetSol Technologies ( NTWK) designs, develops, markets and exports proprietary software products to customers in the automobile finance and leasing, banking, health care and financial services industries internationally. This stock closed up 4.8% to $7.59 in Thursday's trading session.

Thursday's Range: $7.27-$7.64
52-Week Range: $5.70-$14.01
Thursday's Volume: 232,000
Three-Month Average Volume: 222,998

>>3 Hot Stocks on Traders' Radars

From a technical perspective, NTWK ripped higher here right off some near-term support at $7.20 with above-average volume. This stock has been downtrending badly for the last two months, with shares dropping sharply from its high of $12.10 to its recent low of 7.03. During that downtrend, shares of NTWK have been consistently making lower highs and lower lows, which is bearish technical price action. That move has pushed shares of NTWK into oversold territory, since is relative strength index reading recently dipped well below 30. This spike higher on Thursday could be signaling that the downside volatility for NTWK could be over in the short-term.

Traders should now look for long-biased trades in NTWK as long as it's trending above its recent lows of $7.20 or $7.03 and then once it sustains a move or close above Thursday's high of $7.64 with volume that hits near or above 222,998 shares. If we get that move soon, then NTWK will set up to re-test or possibly take out its next major overhead resistance levels a $8.71 to its 50-day moving average of $9.43.

3 of 5

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
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
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!
SYM TRADE IT LAST %CHG
ANTH $4.25 0.95%
KTOS $5.65 -4.07%
NTWK $5.92 2.96%
PRTS $2.12 -2.30%
AAPL $124.75 -1.13%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs