Traders should now look for long-biased trades in CHC as long as it's trending its 50-day at $1.74, and then once it sustains a move or close above $2.16 with volume that hits near or above 111,105 shares. If that breakout triggers soon, then CHC will set up to re-test or possibly take out its next major overhead resistance levels at $2.40 to $2.84.

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.

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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 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 CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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