Traders should now look for long-biased trades in GTAT as long as it's trending above those double bottom levels at $2.63 to $2.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.9 million shares. If that breakout hits soon, then GTAT will set up for a potentially explosive move higher that takes the stock back towards $3.75 to $3.94. Any high-volume move above $3.94 will then put its 200-day moving average at $4.28 into range for shares of GTAT.
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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