Traders should now look for long-biased trades in GTE as long as it's trending above its 50-day at $5.37, and then once it sustains a move or close above $6.05 with volume that hits near or above 708,056 shares. If that breakout hits soon, then GTE will set up to re-test or possibly take out its next major overhead resistance levels at $6.65 to $6.70, or even $7.27.
To see more stocks 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.
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