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Vonage Holdings(VG - Get Report) is a provider of communication services connecting people through broadband devices worldwide. This stock is trading up 6.2% to $2.55 in recent trading.
Today's Range: $2.39-$2.55
52-Week Range: $2.04-$5.39
Volume: 1.77 million
Three-Month Average Volume: 1.76 million
From a technical standpoint, VG has started to bounce big today right off its 50-day moving average of $2.40 on decent volume. This stock has also just started to trigger a breakout trade now that it's moving above some near-term overhead resistance at $2.51.
Traders should continue to look for long biased trades in VG as long as the stock closes above the 50-day and above $2.51. The next breakout trade will trigger on a move over $2.60 to $2.69 with volume. Look for volume that's near or well above 1.76 million shares.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.