VirnetXHolding Corporation (NYSEMKT:VHC) Could see a huge potential breakout before the end of the Year ! The stock soared 19% on heavy volume on Friday, after the company said it will receive $23 million from Microsoft Corp. Under the terms of the agreement, Microsoft will pay $23 million to VirnetX to settle the dispute and to expand Microsoft's existing license on VirnetX patents. The new licence is great news. From a technical standpoint, the stock shows a promising chart that could be ready for another up-spike next week. The chart shows that $6 looks to be the next resistance level. If the stock breaks through that we could see some major gains by the end of the year. The stock is also trading a discount to its 200 EMA. This sets up the play for action as its undervalued status is another huge catalyst. The stock was on my radar screen on Thursday and I published here the alert. VHC should be on your radars now.
Full article: Stocks to Watch for December 22, 2014
Could see a huge potential breakout before the end of the Year !
Started by
Costa
, Dec 21 2014 05:35 AM
No replies to this topic
#1
Posted 21 December 2014 - 05:35 AM
Costa
AC Investor Blog Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.
AC Investor Blog Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.