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Tangoe(TNGO - Get Report) is a global provider of on-demand communications lifecycle management, software and related services to a range of enterprises, including large and medium-sized businesses, and other organizations. This stock is trading up 4.5% at $14.02 in recent trading.
Today's Volume: 97,000
Average Volume: 111,214
Volume % Change: 106%
From a technical standpoint, this stock has started to challenge a big breakout now that shares are clearing some past overhead resistance at $13.93 on decent volume. Market players should now watch for a sustained move and close above $13.93 on high-volume.
Watch for volume at today's close that is tracking near or above 111,214, with the stock above $13.93. If we get that action, then I expect this stock to re-test $14.50 to $15.70 this week or earlier next week.
To see more stocks rising on unusual volume, including
Olympic Steel(ZEUS) and
Furiex Pharmaceuticals(FURX), check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.