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Stock Investors Sell Off Shares of VirnetX Holding, Down 3.5%

Published on Mon, 04/29/2013 - 12:17
By Mallory Stone

VirnetX Holding (AMEX:VHC) is one of today's notable stocks in decline, down 3.5% to $20.93. The S&P is trading higher by 0.8% to 1,595 and the Dow is trading 0.7% higher to 14,814.

Potential upside of 210.6% exists for VirnetX Holding, based on a current level of $20.93 and analysts' average consensus price target of $65.00. The stock should run into initial resistance at its 50-day moving average (MA) of $25.62 and subsequent resistance at its 200-day MA of $29.19.

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

In the past 52 weeks, VirnetX Holding share prices have been bracketed by a low of $16.10 and a high of $41.93 and are now at $20.93, 30% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 5.5%.

By Mallory Stone