Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Quantum (NYSE: QTM) shares jumped 10% today as investors mull over news of a presentation at the upcoming Gartner Data Center Conference.

So what: Today could be more of a trading phenomenon as Quantum breaks through its 52-week high on nearly double its normal volume, but the company did announce a presentation next week. At the conference, Ariba will address "the challenge of delivering higher service" and lowering costs using Quantum deduplication appliances.

Now what: Quantum certainly has momentum on its side, but I would prefer to wait for some more substance before jumping into shares. Considering the bounce in the market today, there may be a better entrance point if the market and Quantum pull back over the next few days. I may miss out on a momentum move, but I just can't buy on a day like this with nothing but a technical breakthrough driving the stock.
 
Interested in more info on Quantum? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.