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Ceragon Networks(CRNT - Get Report), which provides wireless backhaul solutions to cellular operators and other wireless service providers, is trading up 4.9% to $5.70 in recent trading.
Today's Range: $5.44-$5.72
52-Week Range: $5.06-$10.83
Three-Month Average Volume: 110,578
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From a technical perspective, CRNT is bouncing strong here right off some near-term support at $5.30 with above-average volume. This move is quickly pushing CRNT within range of triggering a major breakout trade. That trade will hit once CRNT manages to take out some near-term overhead resistance levels at $5.79 to $6 with high volume.
Traders should now look for long-biased trades in CRNT as long as it's trending above $5.30, and then once it sustains a move or close above those breakout levels with volume that hits near or above 110,578 shares. If that breakout triggers soon, then CRNT will set up to re-test or possibly take out its next major overhead resistance levels at $6.50 to $7.50.
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.