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ValueVision Media(VVTV) is an interactive retailer that markets, sells and distributes products to consumers through television, telephone, online, mobile and social media. This stock is trading up 7.9% at $2.18 in recent trading.
Today's Range: $2.02-$2.19
52-Week Range: $1.43-$8.66
Three-Month Average Volume: 321,383
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From a technical perspective, VVTV is soaring here with decent volume right off its 200-day moving average of $2.04. This move has VVTV flirting with a
major breakout trade, since the stock has started to move above some major near-term overhead resistance at $2.16. This move is also following a massive spike in upside
volume on Friday after 5.81 million shares traded.
Traders should now look for long-biased trades as long as VVTV is trending above both its 200-day and that key resistance level of $2.16 with strong upside volume flows. I would consider any upside volume day that registers near or above 321,383 shares as bullish. If we continue to see that action, then VVTV should easily re-test and possibly take out its next significant overhead resistance level at $2.59 in the near future.