One of today's stocks on the move is VirnetX Holding (AMEX:VHC), down 3.4% to $22.53. The Dow Jones Industrial Average is now trading 0.6% higher to 15,278 and the S&P is trading 0.5% higher to 1,647.
Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.
VirnetX Holding (AMEX:VHC) has potential upside of 188.5% based on a current price of $22.53 and analysts' consensus price target of $65.00. The stock should find resistance at its 200-day moving average (MA) of $28.08, as well as support at its 50-day MA of $21.78.
VirnetX Holding share prices have moved between a 52-week high of $41.93 and a 52-week low of $16.10 and are now trading 40% above that low price at $22.53 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has remained constant.