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Omnova Solutions(OMN - Get Report) is a provider of emulsion polymers, specialty chemicals and decorative and functional surfaces for a range of commercial, industrial and residential end uses. This stock is trading up 4% to $7.05 in recent trading.
Today's Range: $6.74-$7.20
52-Week Range: $3.07-$9.43
Three-Month Average Volume: 186,478
From a technical perspective, OMN is spiking higher today on above average volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once OMN can take out some near-term overheard resistance at $7.31 with high-volume. At last check, the stock has hit a daily high of $7.20 and the volume is strong.
Traders should consider long biased traders if ONM can sustain a move and close above $7.31. If we get that action today or soon, look for OMN to make a run at its next significant overhead resistance levels at $8 to $9.43.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.