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Stock Investors Sell Off Shares of VirnetX Holding, Down 3.4%

Published on Tue, 06/18/2013 - 10:25
By Adrienne Chilton

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.

By Adrienne Chilton