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 Poised for Breakouts

Osiris Therapeutics

One stem cell therapeutic player that's starting to trend within range of triggering a major breakout trade is Osiris Therapeutics ( OSIR), which is focused on developing and marketing products to treat medical conditions in the inflammatory, orthopedic and cardiovascular areas. This stock has been on fire so far in 2013, with shares ripping higher by 95%.

>>4 Stocks Under $10 in Breakout Territory

If you take a look at the chart for Osiris Therapeutics, you'll notice that this stock formed a major bottoming pattern over the last month and change, with shares finding buying interest each time it pulled back near $14 to $13 a share. Shares of OSIR have now started to rebound off those support levels and trend back above its 50-day moving average at $16.22 a share. That move is starting to push shares of OSIR within range of triggering a major breakout trade.

Traders should now look for long-biased trades in OSIR if it manages to break out above some near-term overhead resistance levels at $17.95 to $19.75 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 366,419 shares. If that breakout triggers soon, then OSIR will set up for a possible run back towards its next major overhead resistance levels at $22 o its 52-week high at $27.40 a share.

Traders can look to buy OSIR off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $16.22 a share, or near $15 a share. One can also buy OSIR off strength once it starts to take out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
4 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
NBG $0.00 0.00%
ANAC $58.59 0.00%
FSYS $5.18 0.00%
OSIR $4.75 0.00%
ONTX $0.41 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs