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Bullish Moving Average Cross by Vonage Holdings (VG)

By Shiri Gupta

Today, shares of Vonage Holdings (NYSE:VG) have crossed bullishly above their 10-day moving average of $11.54 on a volume of 468K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Vonage Holdings share prices have been bracketed by a low of $7.92 and a high of $14.73 and are now at $11.65, 47% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Vonage Holdings on February 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.55. Since that recommendation, shares of Vonage Holdings have risen 18.7%. We continue to monitor VG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses vonage holdings

Ticker(s): VG