Traders should now look for long-biased trades in ONTY as long as it's trending above or near its gap down day high of $2.19 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 1.41 million shares as bullish. If ONTY can maintain that trend, then this stock will set up to re-fill some of its previous gap down zone. Some possible upside targets are $3 to $3.50.
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.
Twitter and become a fan on Facebook.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts