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. The stock is trading up 3.5% at $14.97 in recent trading.
Today's Volume: 409,000Average Volume: 137,095 Volume % Change: 285% From a technical standpoint, TNGO is bouncing big right off its 50-day moving average at $14.55 today with massive volume. Market players should continue to look for long biased trades in TNGO as the stock approaches a major breakout above $16.14 and then $16.41. If those levels get taken out with volume soon, then TNGO will be trading in all-time high territory, which is very bullish price action. Look for volume on any move over the breakout levels that are well above 137,095 shares. Tangoe shows up on a list of the 5 Best IPOs of 2011.
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