Vringo (VRNG - Get Report), together with its subsidiaries, develops, acquires, licenses, protects and monetizes intellectual property worldwide. This stock closed up 3.9% to $3.92 in Tuesday's trading session.
Tuesday's Range: $3.75-$3.96
52-Week Range: $2.61-$5.45
Tuesday's Volume: 1.82 million
Three-Month Average Volume: 3.26 million
From a technical perspective, VRNG jumped higher here right off some near-term support at $3.70 with lighter-than-average volume. This spike briefly pushed shares of VRNG back above its 50-day moving average of $3.93, before the stock closed just below that level at $3.92. Market players should now look for a continuation move higher in the short-term if VRNG manages to take out Tuesday's high of $3.96 and then once it clears more key near-term overhead resistance at $4.20 with high volume.
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Traders should now look for long-biased trades in VRNG as long as it's trending above some near-term support levels at $3.70 or at $3.40 and then once it sustains a move or close above $3.96 to $4.20 with volume that hits near or above 3.26 million shares. If that move materializes soon, then VRNG will set up to re-test or possibly take out its next major overhead resistance levels at $4.49 to $4.80.
Transportadora de Gas Del Sur
Tuesday's Range: $2.37-$2.49
52-Week Range: $1.60-$2.93
Tuesday's Volume: 301,000
Three-Month Average Volume: 151,871
From a technical perspective, TGS spiked higher here right above some near-term support at $2.30 with above-average volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low $1.86 to its recent high of $2.53. During that uptrend, shares of TGS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of TGS within range of triggering a near-term breakout trade. That trade will hit if TGS manages to take out some key resistance levels at $2.53 to $2.57 with strong volume.
Traders should now look for long-biased trades in TGS as long as its trending above support at $2.30 or at $2.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 151,871 shares. If that breakout hits soon, then TGS will set up to re-test or possibly take out its 52-week high at $2.93.
To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.