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

3 Stocks Under $10 to Trade for Breakouts

Coffee Holding

Coffee Holding (JVA - Get Report) is engaged in manufacturing, roasting, packaging, marketing and distributing roasted and blended coffees in the U.S., Canada, and the Far East. This stock closed up 7.7% to $5.45 in Tuesdays trading session.

Tuesday's Range: $5.01-$5.50
52-Week Range: $4.50-$7.78
Tuesday's Volume: 169,000
Three-Month Average Volume: 61,955

From a technical perspective, JVA surged sharply higher here right off its 50-day moving average of $5.007 with above-average volume. This move briefly pushed shares of JVA into breakout territory, after the stock flirted with some near-term overhead resistance at $5.46. Shares of JVA tagged an intraday high of $5.50 before closing just below that level at $5.45. Market players should now look for a continuation move higher in the short-term if JVA can manage to take out Tuesday's high of $5.50 with strong volume.

Must Read: 3 Biotech Stocks Under $10 Making Big Moves

Traders should now look for long-biased trades in JVA as long as it's trending above Tuesday's low of $5.01 and then once it sustains a move or close above $5.50 with volume that hits near or above 61,955 shares. If we get that move soon, then JVA will set up to re-test or possibly take out its next major overhead resistance levels at $5.85 to its 200-day moving average of $5.93. Any high-volume move above those levels will then give JVA a chance to tag $6.20 to $6.60.

3 of 4

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
FLWS $7.69 0.00%
JVA $3.86 0.00%
LITB $2.83 0.00%
AAPL $95.18 0.00%
FB $117.43 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs