Angie's List (ANGI) operates a consumer-driven solution for its members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services. The stock is trading up 11% at $16.20 in recent trading.
Today's Volume: 937,000Average Volume: 294,098 Volume % Change: 558% >>7 Undervalued IPO Stocks That Could Rebound in 2012 Shares of ANGI are ripping higher today after the company reported that it narrowed its losses and revenue improved sharply during the fourth quarter. Revenue soared by 70% to $27.4 million, as it lost 10 cents per share, down from 14 cents a share a year ago. From a technical perspective, ANGI is trading within range of a major breakout trade if this stock can manage to take out $17.97 to $18.75 (all-time high) with heavy volume. At last check, ANGI hit a daily high today of $17.58, but it has since then pulled back to its current price of around $16.20. Market players should avoid this stock under $16.75, or get long over $16.75 and anticipate the breakout over those bigger levels at $17.97 to $18.75. Look for volume that's near or above 294,098 shares on any future breakout. Follow @stockpickr