Vasco Data Security International
Vasco Data Security International (VDSI - Get Report), through its operating subsidiaries, designs, develops, markets and supports hardware and software security systems that manage and secure access to information assets. This stock, rated C+ hold by TheStreet Ratings, is trading up 12.9% at $7.77 in recent trading.
Today's Range: $7.25-$7.8752-Week Range: $4.63-$14.72 Volume: 350,000 Three-Month Average Volume: 271,954 Shares of VDSI are soaring today after the stock was upgraded to buy from hold at Wunderlich. From a technical standpoint, VDSI is gapping up big today with strong volume, and the stock is now starting to challenge its 50-day moving average of $7.59. Traders should continue to look for long biased trades in VDSI if this stock manage to close above the 50-day and near its daily highs. If we get that action, then I would look for VDSI to challenge $8.50 to $9.18 (its 200-day) in the near future, as long as the upside volume continues to track in strong.