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.

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

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