This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Interactive Intelligence Group(ININ) is a provider of software application suites for VOIP business communications.. This stock is trading up 1% at $24.99 in recent trading.
Today's Volume: 56,000
Average Volume: 74,231
Volume % Change: 73%
From a technical perspective, ININ is bouncing here right off some near-term support at $24.66 with decent volume. This stock has sold off hard recently from $32.33 to that $24.66 low. That selloff has created an oversold condition since its current relative strength index reading is 25.
Oversold can always get more oversold, but traders can now look for long-biased trades if ININ takes out its daily high of $25.85 with volume. Look for a sustained move or close above that level with volume that's near or above 74,231 shares. If we get that action soon, then ININ could possibly re-test its 200-day moving average of $28.29.
On the flipside, I would look for short-biased trades if ININ takes out that support level at $24.66 with volume.