Traders should now look for long-biased trades in INSM as long as it's trending above today's low of $6.90 with strong upside volume flows. I would consider any upside volume that registers near or above its three-month average action of 147,395 shares as bullish. If INSM can maintain that trend, then look for this stock to continue to re-fill some of its previous gap down zone from 2011 that started at around $11. Some possible upside targets in the short-term are $8.50 to $9.50.

Immersion ( IMMR)

This company develops, manufactures, licenses, and supports a range of hardware and software technologies and products that enhance digital devices with touch interaction. This stock closed up 12.9% to $5.76 in recent trading.

Today's Range: $4.94-$5.79

52-Week Range: $4.15-$7.50

Volume: 420,000

Three-Month Average Volume: 110,852

From a technical perspective, IMMR bounced strongly today right around its 50-day moving average of $5.16 with above-average volume. This move also pushed IMMR back above its 200-day moving average of $5.58, and it's quickly moving the stock within range of triggering a major breakout trade. That trade will hit once IMMR manages to take out some near-term overhead resistance levels at $5.68 to $6.11 with high volume.

Traders should now look for long-biased trades in IMMR as long as it's trending above its 50-day at $5.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 110,852 shares. If that breakout triggers soon, then IMMR will set up to re-test or possibly take out its next major overhead resistance levels at $7.12 to $7.50.

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.


Follow Stockpickr on Twitter and become a fan on Facebook.

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 technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including and You can follow Pedone on Twitter at or @zerosum24.

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