This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
21Vianet Group(VNET) is a carrier-neutral Internet data center services provider in the People's Republic of China. This stock is trading up 3.3% at $12.29 in recent trading.
Today's Volume: 319,000
Average Volume: 341,140
Volume % Change: 120%
Shares of VNET are trading higher today in front of the company's earnings report which is due out after the market close.
>>5 Stocks That Could Crush the Bears
From a technical perspective, VNET is ripping here back above its 50-day moving average of $11.86 with decent volume. This move is quickly pushing the stock within range of a major breakout trade. That trade will hit once VNET takes out some past overhead resistance at $13.63 to $13.75 with high-volume.
Traders should now consider long-biased trades after VENT reports its earnings if it can sustain a move or close above those levels with volume that's near or well above 341,140 shares. If we get that post-earnings action, then this stock will have a great chance of hitting $15 to $17 or much higher.
On the flipside, I would avoid VNET or look for short-biased traders if it takes out its 200-day moving average of $10.81 with volume post-earnings.