Vonage

Vonage (VG) has experienced some range contraction over the last few days, and is now poised to break over some near term resistance in the $4.80 area.  Its price action is now wedged between this resistance and several key moving averages just underneath it that should provide support and possibly the catalyst it needs to move higher. 

 

 

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Posted in Charting & Analysis, Stocks, Watchlist