NII HoldingsNII Holdings ( NIHD) provides wireless communication services under the NextelTM brand, targeted at meeting the needs of subscribers who use its services to improve the productivity of their businesses. This stock closed up 7.8% to $2.48 in Thursday's trading session. Thursday's Range: $2.28-$2.52 52-Week Range: $2.14-$9.82 Thursday's Volume: 5.14 million Three-Month Average Volume: 4.50 million From a technical perspective, NIHD spiked sharply higher here right above its 52-week low of $2.14 with strong upside volume. This stock has been dowtrending badly for the last three months, with shares plunging from its high of $7.50 to its low of $2.14. During that move, shares of NIHD have been consistently making lower highs and lower lows, which is bearish technical price action. That move has pushed shares of NIHD into oversold territory, since its current relative strength index reading is near 30. Oversold can always get more oversold, but this bounce higher on Thursday could be signaling that NIHD is ready to rebound sharply higher. Traders should now look for long-biased trades in NIHD as long as it's trending above Thursday's low of $2.28 and then once it sustains a move or close above Thursday's high of $2.52 to some more near-term overhead resistance at $2.63 with volume that hits near or above 4.50 million shares. If we get that move soon, then NIHD could rebound sharply higher towards $3.50 to $3.80. Orion Energy SystemsOrion Energy Systems ( OESX) manufactures and implements energy management systems consisting primarily of commercial interior and exterior lighting systems, controls, power data management and cloud-based data storage and related services. This stock closed up 5.3% to $6.15 in Thursday's trading session. Thursday's Range: $5.77-$6.20 52-Week Range: $1.12-$6.71 Thursday's Volume: 88,000 Three-Month Average Volume: 177,681 From a technical perspective, OESX spiked sharply higher here right above some near-term support at $5.61 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $5.71 to $5.61. Shares of OESX have now started to rebound off those support levels and it's quickly moving within range of triggering a big breakout trade. That trade will hit if OESX manages to take out some near-term overhead resistance levels at $6.50 to $6.64, and then once it clears its 52-week high at $6.71 with high volume.