August 23, 2013 at 18:14 PM EDT
Software Maker Tangoe Breaks Out Of Large, Deep Base
Business asset management software firm Tangoe (TNGO) broke out of a long, deep base Friday on heavy volume. The base goes back to May 2012, making it a 65-week cup with handle that corrected 50%. The stock trades an average of 351,000 shares a day, which is on the thin side. Investors should prefer stocks that trade at least 400,000 shares a day because that is what big institutional investors will be buying. They avoid the thinner names. Mutual
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