Today, shares of VirnetX Holding (AMEX:VHC) have fallen below their 10-day MA of $35.05 on a volume of 200K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
There is potential upside of 87.4% for shares of VirnetX Holding based on a current price of $34.69 and an average consensus analyst price target of $65.00. The stock should find initial support at its 50-day moving average (MA) of $33.53 and further support at its 200-day MA of $30.98.
VirnetX Holding share prices have moved between a 52-week high of $41.93 and a 52-week low of $19.13 and are now trading 81% above that low price at $34.69 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%.
Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.