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.


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 Madison, Wis., 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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