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.
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