Traders should now look for long-biased trades in CHC as long as it's trending its 50-day at $1.74, and then once it sustains a move or close above $2.16 with volume that hits near or above 111,105 shares. If that breakout triggers soon, then CHC will set up to re-test or possibly take out its next major overhead resistance levels at $2.40 to $2.84.
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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