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Actuate ( BIRT) provides software and services to develop and deploy custom business Intelligence and information applications. This stock is trading up 8.2% to $7.04 in recent trading.

Today's Range: $6.58-$7.06

52-Week Range: $4.95-$7.30

Volume: 134,000

Three-Month Average Volume: 216,730

From a technical perspective, BIRT is soaring here back above its 50-day moving average of $6.75 with light volume. This move is quickly pushing BIRT within range of triggering a major breakout trade. That trade will hit once BIRT manages to clear some past overhead resistance at $7.20 to $7.30 with high volume.

Traders should now look for long-biased trades in BIRT as long as it's trending above its 50-day at $6.75, and then once it sustains a move or close above those breakout levels with volume that's near or above 216,730 shares. If that breakout triggers soon for BIRT, then I expect to see this stock trend well north of $8 in the near future.

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 and maintains the website, 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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