Buyers Accumulate Shares of VirnetX Holding, Up 1.5%

Published on Mon, 01/14/2013 - 13:29
By Adrienne Chilton in Market movers, VHC, amex:vhc, market movers, virnetx holding

Up 1.5% to $34.91, VirnetX Holding (AMEX:VHC), is one of today's notable movers. The Dow is trading fractionally higher to 13,494 and the S&P is currently down 0.2% to 1,469.

In the past 52 weeks, shares of VirnetX Holding have traded between a low of $19.13 and a high of $41.93 and are now at $34.91, which is 82% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.7%.

Potential upside of 86.2% exists for VirnetX Holding, based on a current level of $34.91 and analysts' average consensus price target of $65.00. The stock should discover initial support at its 50-day moving average (MA) of $32.25 and subsequent support at its 200-day MA of $29.61.

Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.

By Adrienne Chilton
achilton@fnno.com

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