Interactive Intelligence Group

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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.

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