Memsic

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Memsic ( MEMS) provides advanced semiconductor sensor and system solutions based on integrated micro electro-mechanical systems (MEMS), technology and mixed signal circuit design. This stock is trading up 21.4% to $4.59 in recent trading.

Today's Range: $3.76-$4.64

52-Week Range: $1.97-$4.00

Volume: 653,662

Three-Month Average Volume: 68,838

>>4 Chip Stocks Smart Money Is Buying

From a technical perspective, MEMS has triggered a major breakout trade today once the stock took out some near-term overhead resistance at $4 with big volume. This move has pushed MEMS into 52-week high territory, which is bullish price action.

Traders should continue to look for long biased trades in this stock as long as it close near its daily high today of $4.40.

To see more stocks under-$10 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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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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