Traders should now look for long-biased trades in CNAT as long as it's trending above Thursday's low of $8.80, and then once it sustains a move or close above those breakout levels with volume that hits near or above 133,582 shares. If that breakout hits soon, then CNAT will set up to re-test or possibly take out its next major overhead resistance level at $11. China Recycling Energy ( CREG) This company engages in the recycling energy business, providing energy savings and recycling products and services. This stock closed up 12.5% to $2.42 in Thursday's trading session. Thursday's Range: $2.15-$2.49 52-Week Range: $0.78-$2.49 Thursday's Volume: 355,000 Three-Month Average Volume: 95,671 From a technical perspective, CREG ripped sharply higher here right off its 50-day moving average of $2.12 with heavy upside volume. This move briefly pushed shares of CREG into breakout territory, since the stock took out some near-term overhead resistance at $2.45. Shares of CREG closed just below that breakout level at $2.42 with volume that was well above its three-month average action of 95,671 shares. Traders should now look for long-biased trades in CREG as long as it's trending above its 50-day at $2.12, and then once it sustains a move or close above Thursday's high of $2.49 with volume that hits near or above 95,671 shares. If we get that move soon, then CREG will set up to re-test or possibly take out its next major overhead resistance level at $3.50. Meru Networks ( MERU) This company provides a virtualized wireless LAN solution that optimizes the enterprise network to deliver the performance and operational simplicity of a wired network, with the mobility. This stock closed up 1.9% to $3.68 in Thursday's trading session. Thursday's Range: $3.52-$3.69 52-Week Range: $2.06-$6.96 Thursday's Volume: 90,000 Three-Month Average Volume: 167,439 From a technical perspective, MERU jumped modestly higher here right off some near-term support at $3.50 with lighter-than-average volume. This stock has been trending sideways for the last month, with shares moving between $3.40 on the downside and $3.75 on the upside. Shares of MERU are now starting to move within range of triggering a breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if MERU manages to take out some near-term overhead resistance at $3.75 and then once it clears its 50-day at $3.95 and its 200-day at $4.07 with high volume.