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

4 Stocks Under $10 Making Big Moves

Orion Energy Systems

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

Get Adobe Flash player

Orion Energy Systems ( OESX) manufactures and implements energy management systems consisting primarily of commercial interior and exterior lighting systems, controls, power data management and cloud-based data storage and related services. This stock closed up 1.6% to $4.30 in Tuesday's trading session.

Tuesday's Range: $4.15-$4.30
52-Week Range: $1.12-$4.44
Thursday's Volume: 55,000
Three-Month Average Volume: 150,794

>>5 Rocket Stocks Worth Buying This Week

From a technical perspective, OESX bounced modestly higher here right above its 50-day moving average of $3.84 with lighter-than-average volume. This stock has been trending sideways and consolidating for the last three months, with shares moving between $3.43 on the downside and $4.44 on the upside. This spike higher on Tuesday is quickly pushing shares of OESX within range of triggering a major breakout trade above the upper-end of its sideways trading chart pattern. That breakout will hit if OESX manages to take out some near-term overhead resistance at $4.35 to its 52-week high at $4.44 with high volume.

Traders should now look for long-biased trades in OESX as long as it's trending above its 50-day at $3.84 and then once it sustains a move or close above those breakout levels with volume that hits near or above 150,794 shares. If that breakout triggers soon, then OESX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $5.50 to $6.

4 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 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

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