Information Services Group

Information Services Group (III) provides fact-based sourcing advisory services in the Americas, Europe and the Asia Pacific. This stock closed up 8% to $4.58 in Tuesday's trading session.

Tuesday's Range: $4.26-$4.61
52-Week Range: $1.10-$4.67
Tuesday's Volume: 360,000
Three-Month Average Volume: 206,794

From a technical perspective, III ripped sharply higher here right above its 50-day moving average of $4.05 with above-average volume. This move is quickly pushing shares of III within range of triggering a major breakout trade. That trade will hit if III manages to take out Tuesday's high of $4.61 to its 52-week high at $4.67 with high volume.

Traders should now look for long-biased trades in III as long as it's trending above Thursdays low of $4.26 or above its 50-day at $4.05 and then once it sustains a move or close above those breakout levels with volume that hits near or above 206,794 shares. If that breakout hits soon, then III will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $5.50 to $6.

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.

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At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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