Traders should now look for long-biased trades in OCZ as long as it's trending above its 50-day at $2, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.65 million shares. If that breakout hits soon, then OCZ will set up to re-test or possibly take out its next major overhead resistance levels at $3.35 to its 200-day at $3.67. Any high-volume move above $3.67 will then put $4 to $4.50 into focus for shares of OCZ.
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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