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VirnetX Holding's Shares Changing Hands at Higher Prices on 1.3x Above-Average Volume (VHC)

Published on Mon, 01/07/2013 - 14:14
By Mallory Stone

VirnetX Holding shares are trading on heavy volume today, having risen 4.3% to $32.95. Today's volume of 1.1 million shares tops the average 30-day volume of 841,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

VirnetX Holding has overhead space with shares priced $32.95, or 49.3% below the average consensus analyst price target of $65.00. The stock should find initial support at its 50-day moving average (MA) of $31.89 and further support at its 200-day MA of $29.39.

In the past 52 weeks, VirnetX Holding share prices have been bracketed by a low of $19.13 and a high of $41.93 and are now at $32.95, 72% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

By Mallory Stone