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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: 937,000
Average Volume: 294,098
Volume % Change: 558%
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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.