Stock to Watch: Vonage Up 7.0% (VG)

Apr 17, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Vonage (NYSE:VG) is one of today's best performing low-priced stocks, up 7.0% to $2.13 on 3.2x average daily volume. Vonage has traded 5.1 million shares thus far today, vs. average volume of 1.6 million shares per day. The stock has outperformed the Dow (7.0% to the Dow's 1.6%) and outperformed the S&P 500 (7.0% to the S&P's 1.5%) during today's trading.

Potential upside of 40.8% exists for Vonage, based on a current level of $2.13 and analysts' average consensus price target of $3.00. The stock should run into initial resistance at its 50-day moving average (MA) of $2.34 and subsequent resistance at its 200-day MA of $2.83.

In the past 52 weeks, Vonage share prices have been bracketed by a low of $1.96 and a high of $5.39 and are now at $2.13, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 1.2%.

Vonage Holdings Corporation provides telecommunications services. The Company offers technology that uses customers existing high-speed Internet connection to make and receive phone calls worldwide with a touch-tone telephone.

SmarTrend recommended that its subscribers protect gains by selling shares of Vonage on March 6th, 2012 by issuing a Downtrend alert when the shares were trading at $2.20. Since that call, shares of Vonage have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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/signup

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