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

4 Biotech Stocks Under $10 to Watch

DELAFIELD, Wis. (Stockpickr) -- A smart trader keeps a close eye on unusual upside volume in stocks -- and unusual volume in a stock that trades below $10 should really make you sit up and pay attention.

>>5 Stocks Set to Soar on Bullish Earnings

Stocks that trade below $10 a share can make big moves to the upside very quickly, and short-term traders can try to capture some of that massive volatility. Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.

If you time your trade correctly, combining technical indicators with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

Must Read: 3 Stocks Under $10 Spiking on Big Volume

>>5 Rocket Stocks to Buy for Big Gains

With that in mind, let's take a closer look at a several stocks under $10 that are making sharp moves higher with unusual upside volume flows.

Pacific Biosciences of California

Pacific Biosciences of California (PACB - Get Report) develops, manufactures and markets an integrated platform for genetic analysis. This stock is trading up 8% to $7.05 in Tuesday's trading session.

Tuesday's Range: $6.51-$7.17
52-Week Range: $1.95-$8.20
Tuesday's Volume: 1.22 million
Three-Month Average Volume: 891,153

From a technical perspective, PACB is soaring higher here right above some near-term support at $6.18 with above-average volume. This move is quickly pushing shares of PACB within range of triggering a major breakout trade. That trade will hit if PACB manages to take out some near-term overhead resistance levels at $7.45 to $7.59 and then once it clears its 52-week high at $8.20 with high volume.

Traders should now look for long-biased trades in PACB as long as it's trending above Tuesdays low of $6.50 or above more support at $6.18 and then once it sustains a move or close above those breakout levels with volume that hits near or above 891,153 shares. If that breakout hits soon, then PACB will set up to enter new 52-week-high territory above $8.20, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $11.

1 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
CPHI $0.22 -7.95%
DSCO $2.51 -6.69%
PACB $9.72 0.67%
XNCR $12.33 0.65%
AAPL $93.64 -0.11%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs