Another stock in the computer services complex that's moving very close to a breakout trade is Demand Media (DMD), which is focused on an Internet-based model for the professional creation of content at scale. This stock is off to a bullish start in 2012 with shares up over 35%.
If you look at the chart for Demand Media, you'll notice that this stock has been uptrending strong for the past couple of months, with shares surging from a low of $5.85 to a recent high of $9.69 a share. During the month of May, shares of Demand Media have seen some monster upside volume days as the stock has trended between $9 and $9.69 a share. This action has now pushed Demand Media within range of triggering a major breakout trade.
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