Infoblox (BLOX - Get Report)
This company provides automated network control services and provides an appliance-based solution that enables dynamic networks and next-generation data centers. This stock is trading up 4.4% at $15.14 in recent trading.
Today's Volume: 235,000
Average Volume: 291,402
Volume % Change: 70%
From a technical perspective, BLOX is bouncing notably higher here right around some near-term support at $13.73 with decent volume. This stock has been downtrending badly for the last two months, with shares dropping from a high of $24.15 to a recent low of $13.73. During that move, shares of BLOX have been consistently making lower highs and lower lows, which is bearish technical price action. That said, BLOX has now started to bounce off of oversold territory, since its current relative strength index (RSI) reading is 26.4
Traders should now look for long-biased trades in BLOX as long as its trending above today's low of $14.41 with strong upside volume flows. I would consider any upside volume day
that registers near or above 291,402 shares as bullish. If BLOX is ready for a sharp oversold bounce, then this stock could spike towards $17 to $18 in the near future.
(EGOV - Get Report)
This is a provider of eGovernment services which helps governments use the Internet to increase internal efficiencies and provide a higher level of service to businesses and citizens. This stock is trading up 4.9% at $15.56 in recent trading.
Today's Volume: 262,000
Average Volume: 173,206
Volume % Change: 98%
From a technical perspective, EGOV is ripping sharply higher here right off its 50-day moving average of $14.65 with above-average volume. This stock has been trending sideways for the last three months, with shares moving between $13.84 on the downside and $15.42 on the upside. This high-volume spike today is now pushing EGOV within range of triggering a major breakout trade. That trade will hit once EGOV manages to take out some near-term overhead resistance levels at $15.30 to $15.42 with high volume. At last check, EGOV has hit an intraday high of $15.63 and volume is tracking in above its three-month average action of 173,206 shares.