Return to Headlines
119 views
Email RSS

VASCO Data Security International (VDSI) Approaches New Downside Target of $6.10

Written on Thu, 07/29/2010 - 12:56pm
By Chip Brian

SmarTrend has detected shares of VASCO Data Security International (NASDAQ:VDSI) have bearishly opened below the pivot of $6.51 today and have reached the first level of support of $6.26.
Should the shares continue to fall, we are monitoring the next support pivots of $6.10 and $5.69. Also, the shares are currently trading below the 50-day moving average of $6.27 and below the 200-day moving average of $7.07.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of VASCO Data Security International on April 27, 2010 at $7.20. Since the call, the stock has fallen 13.5%.

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.