Imris in breakout mode-The StreetIMRIS (IMRS_) designs, manufactures and sells image-guided therapy systems that enable surgeons to obtain information and make decisions during the course of procedures. This stock closed up 8.5% to $2.15 in Tuesday's trading session. Tuesday's Range: $1.96-$2.15 52-Week Range: $1.16-$4.31 Tuesday's Volume: 328,000 Three-Month Average Volume: 232,997 From a technical perspective, IMRS ripped higher here back above its 200-day moving average of $2.09 with above-average volume. This move is quickly pushing shares of IMRS within range of triggering a major breakout trade. That trade will hit if IMRS manages to take out some near-term overhead resistance levels at $2.18 to $2.33 and then $2.37 with high volume. Traders should now look for long-biased trades in IMRS as long as it's trending above Tuesday's low of $1.96 or above more near-term support at $1.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 232,997 shares. If that breakout hits soon, then IMRS will set up to re-test or possibly take out its next major overhead resistance level at around $2.80. To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis. RELATED LINKS: >>5 Tech Stocks to Trade for Gains This Week >>3 Stocks Rising on Unusual Volume >>5 Hated Earnings Stocks You Should Love Follow Stockpickr on Twitter and become a fan on Facebook. Stock quotes in this article: IMRS, MY, CANF At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Delafield, 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. « First ‹ Previous 1 2 3 4 You Might Also Like: 7 Banned Music Videos That You Can Watch Now Sponsored 7 Banned Music Videos That You Can Watch Now Red Bull Citi is Starting a Revolution in Banking Play Video Sponsored Citi is Starting a Revolution in Banking YouTube Science Has Determined the Best Beatle Science Has Determined the Best Beatle TheStreet Why Augusta Resources (AZC) Is Soaring Today Why Augusta Resources (AZC) Is Soaring Today TheStreet Jim Cramer's 6 Stocks in 60 Seconds: AXP STJ MDP FUEL FWM REGN Jim Cramer's 6 Stocks in 60 Seconds: AXP STJ MDP FUEL FWM REGN TheStreet 7 Banned Music Videos That You Can Watch Now Citi is Starting a Revolution in Banking Play Video Science Has Determined the Best Beatle Why Augusta Resources (AZC) Is Soaring Today Jim Cramer's 6 Stocks in 60 Seconds: AXP STJ MDP FUEL FWM REGN Recommended by Select the service that is right for you! 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