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Watch for Vonage Holdings to Potentially Rebound After Falling 1.85% Yesterday

By Nick Russo

Vonage Holdings (NYSE:VG) traded in a range yesterday that spanned from a low of $7.35 to a high of $7.46. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $7.38 on volume of 583,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Vonage Holdings have traded between a low of $7.16 and a high of $13.75 and are now at $7.41, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.1% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Vonage Holdings and will alert subscribers who have VG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders vonage holdings

Ticker(s): VG