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Vonage Holdings Rises 1.21% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Vonage Holdings (NYSE:VG) traded in a range yesterday that spanned from a low of $11.53 to a high of $11.77. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $11.67 on volume of 899,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $11.69, 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.3%.

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 21.0%. We continue to monitor VG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders vonage holdings

Ticker(s): VG