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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

5 Stocks Poised to Skyrocket Higher

DELAFIELD, Wis. (Stockpickr) -- No matter what the market is doing on a day-to-day basis, there's always some pocket of strength developing in individual stocks. Once you know what setups to look for from a technical standpoint, then you can develop a list of stocks that have the potential to get explosive and skyrocket higher. Again, it doesn't matter what the market is doing, these setups show up on a daily basis.

One of my recent ideas that soared to the upside very quickly was health care player TearLabs (TEAR), which I featured in Feb. 12's "5 Stocks Under $10 Set to Soar" at $6.50 share. That chart was showing an extremely oversold condition and shares of TEAR were starting to reverse its recent downtrend and move within range of triggering a near-term breakout trade. That breakout triggered, and shares of TEAR exploded to the upside and hit an intraday high on Tuesday of 8.14 a share. That's a fat gain in a very short timeframe for anyone who bought the breakout and played that high-probability setup.

Shares of TEAR still have the potential to go much higher from current levels. Traders should now watch for this stock to take out its 50-day moving average of $8.29 a share soon with high volume. That's what will be needed to spark the next leg higher for TEAR.

Some of my favorite places to look for these explosive setups are in sectors such as biotech, pharmaceuticals, advanced technology and any stock that trades under-$10 that has a technically bullish chart. These are the places that I find the next stock that's setting up to skyrocket higher and make me some quick cash.

With that in mind, here's a look at five stocks that could be setting up to make explosive moves to the upside soon.

Stock quotes in this article: CPRX, CRVP, KOOL, OCRX, ISR 

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.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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