VirnetX Holding Corporation (NYSEMKT:VHC) should see some heavy trading activity on Monday as investors interest continues to increase. The stock on Friday surged more than 9% or $1.37 to $16.02 per share, after it has been mentioned in the Apple/Motorola ruling. On the technical side, the A/D (accumulation/distribution) indicator is going up showing a positive swing, that usually means Market Makers are snapping up shares. Although the MACD indicator is still below "0" it also has been climbing upwards close to breaking above the center line. The strong upward jump, which broke over the expected resistance of 15.82 to 16 zone makes the outlook bullish for next week. On the upside any break over 17.20 should target the 200-day EMA resistance at 18.68. VHC has a high level of short interest ( over 42% of float is short or 17.8 Million of shares ) and that will add more fuel to the rally. A low float stock with a high short ratio (37.1), the possibility of a short squeeze in the near future is very real. Keep an eye on VHC.
Full article: Stocks to Watch for April 28, 2014
VirnetX Holding (VHC) Pops Higher; Mentioned in Apple/Motorola Ruling: link UPDATE: VirnetX Holding (VHC) Pops Higher; Mentioned in Apple/Motorola Ruling
VirnetX Holding Corporation (NYSEMKT:VHC)
Started by
Costa
, Apr 26 2014 06:04 AM
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#1
Posted 26 April 2014 - 06:04 AM
Costa
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