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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Five Stocks Poised to Make More Gains

NEW YORK (TheStreet) -- Here are six stocks we're watching that are setting up for continued upside.

Abraxas Petroleum (AXAS), which had been coiling for a few months, popped out in February, retested support, and then ran up hard last month. The stock pulled back and tested the 21-day moving average and then took off again, exploding in the last two sessions. It closed at $4.42 on Wednesday, up 5.5%, on 2.5 million shares. The stock should get to $5.00 in the short term. On a longer-term basis, major resistance comes in at around $6, which is the secondary target.

Neuralstem (CUR) had a nice move on Wednesday as it popped out of a wedge, up 8.3% to $4.66. It has to get through a double-top in the $4.80 area, after which it would be set up to run up to $5.25, and then $6.00.

Flamel Technologies (FLML), a strong junior biotech, is moving. It broke out of a coil last month, retested a couple of times, formed a miniwedge, and then on Wednesday popped $1.29, or 9.8%, to $14.45 on 4.2 million shares. That's the biggest volume on an up day in a couple of weeks. It looks like it's going to retest the high up around $14.95 maybe as early as Thursday, with the target beyond that at $17.00.

Maxwell Technologies (MXWL) has a great pattern. It spiked out of its base more than a month ago, and has since made a 5-wave corrective move in the formation of a wedge. On Wednesday, it popped $1.24, or 9.5%, to $14.36 on nearly a million shares to reach the declining tops line of the wedge. If it gets through that, look for it to run hard.

Tower Semiconductor (TSEM), which popped in December and then formed a falling wedge, has since been stair-stepping up nicely in a beautiful channel. On Wednesday, it appears to have popped out of a small, five-day falling channel, gaining 57 cents, or 6.4%, to $9.51 on 331,800 shares. That wasn't good volume, but it was the best in three sessions. If it breaks above $10.00, look for a move to $11.00 and then $12.00.

See Harry's video chart analysis on these stocks.

At the time of publication, the author had no positions in stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

 

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.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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