Traders should now look for long-biased trades in EMKR as long as it's trending above those key support levels at $3.34 to $3.32 and then once it sustains a move or close above Thursday's high of $3.56 with volume that hits near or above 292,175 shares. If we get that move soon, then EMKR will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $4.32 to $4.36 or its 200-day moving average at $4.95.
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 Madison, Wis.
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