ICG Group (ICGE) acquires and builds Internet software and services companies. This stock is trading up 7% at $9.23 in recent trading.
Today's Range: $8.85-$9.4952-Week Range: $7.22-$14.13 Volume: 119,000 Three-Month Average Volume: 156,540 >>5 Stocks Setting Up to Break Out From a technical perspective, ICGE has started to move above its 50-day moving average of $9.11 today with decent volume. The stock also touched its 200-day moving average of $9.50 in intraday trading. Traders should now look for long biased trades in ICGE if it can manage to trigger a near-term breakout trade. That trade will hit once ICGE takes out its 200-day and some near-term overhead resistance at $9.57 with high volume. Look for volume on that move that's near or well above 156,540 shares. If we get that action soon, look for ICGE to make a run at its recent high of $10.65.
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