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 to Skyrocket Higher


My final idea that could be preparing for an explosive move higher here is IsoRay (ISR - Get Report), which develops, manufactures, and sells isotope-based medical products and devices for the treatment of cancer and other malignant diseases primarily in the U.S. This stock has been trading strongly to the upside over the last three months, with shares up big by 41%.

If you look at the chart for IsoRay, you'll notice that this stock recently formed a major bottoming chart pattern, after shares of ISR found buying interest over the last month each time it traded down towards 66 to 67 cents per share. So far, those levels have held and now shares of ISR are starting to push within range of triggering a major breakout trade above a key downtrend line.

Traders should now look for long-biased trades in ISR if it manages to break out above some near-term overhead resistance levels at 75 to 78 cents per 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 940,443 shares. If that breakout hits soon, then ISR will set up to rip sharply higher and potentially tag 90 cents to $1 a share, or even trend north of $1 a share.

Traders can look to buy ISR off any weakness to anticipate that breakout and simply use a stop that sits right below those major support levels at 67 to 66 cents per share. One can also buy ISR off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

To see more stocks that could be setting up to skyrocket higher soon, check out the Skyrocket Stock Watchlist portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including and You can follow Pedone on Twitter at or @zerosum24.
6 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
CPRX $0.68 0.00%
CRVP $0.72 0.00%
KOOL $2.85 0.00%
ISR $1.15 0.00%
OCRX $2.92 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs