Don’t forget about new issues! IntraLinks Holdings, Inc. (IL), which was issued last September, is just starting to break out of an upper consolidtaion area and looks poised to make new 52-week highs.
IntraLinks is a global provider of software-as-a-service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. It is in the same sector as Oracle Corporation (ORCL) and International Business Machines (IBM), which are also at highs.
I am looking for continuation over yesterday’s highs of $28.70.
Target 1: $30.31
Target 2: extension through highs
Stops: $26
*DISCLOSURE: Long IL
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