Vasco Data Security International

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Vasco Data Security International ( VDSI), 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-$7.87

52-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.

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Vasco Data Security International (VDSI) Is Today's Strong On High Volume Stock