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
TheStreet Open House

5 Tech Stocks in Breakout Territory With Big Volume

Responsys

Responsys ( MKTG) is a provider of email and cross-channel marketing solutions that enable companies to engage in relationship-based marketing across interactive channels. This stock closed up 9.4% to $16.31 in Wednesday's trading session.

Wednesday's Volume: 1.79 million
Three-Month Average Volume: 421,794
Volume % Change: 317%

>>5 Shareholder Yield Champs to Beat the S&P

From a technical perspective, MKTG gapped sharply higher here and broke out above some near-term overhead resistance at $15.54 with monster upside volume. This move is quickly pushing shares of MKTG within range of triggering a big breakout trade. That trade will hit if MKTG manages to take out Wednesday's high of $16.49 to its 52-week high at $16.93 with high volume.

Traders should now look for long-biased trades in MKTG as long as it's trending above Wednesday's low of $15.44 or above its 50-day at $14.47 and then once it sustains a move or close above those breakout levels with volume that hits near or above 421,794 shares. If that breakout triggers soon, then MKTG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its all-time high at $18.19 to north of $20.

Gartner

Gartner ( IT) is an information technology research and advisory company. This stock closed up 1.6% at $57.81 in Wednesday's trading session.

Wednesday's Volume: 1.60 million
Three-Month Average Volume: 459,018
Volume % Change: 276%

>>5 Hated Earnings Stocks You Should Love

From a technical perspective, IT bounced modestly higher here right off some near-term support at $56.55 with strong upside volume. This stock has been trending sideways inside of a consolidation chart pattern for the last month and change, with shares moving between $55.75 on the downside and $59.95 on the upside. Shares of IT are now starting to move within range of triggering a breakout trade above the upper-end of its sideways trading price action. That trade will hit if IT manages to clear its 50-day moving average at $58.84 and then once it takes out more resistance at $59.95 with high volume.

Traders should now look for long-biased trades in IT as long as it's trending above some near-term support levels at $56.55 or $55.75 and then once it sustains a move or close above those breakout levels with volume that's near or above 459,018 shares. If that breakout hits soon, then IT will set up to re-test or possibly take out its 52-week high at $63.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs