VHC trade ideas
VirnetX Holding CorpI recommend investing in this, which is expected to rise this entire week, depending on our analysis
VirnetX Holding Corp : is a publicly traded Internet security software and technology company based in Zephyr Cove, Nevada. VirnetX has been described as being a patent troll, accused of marketing no actual products or services and instead earning its revenue through licensing patents and suing anyone that infringes them.The company has won intellectual property litigation against various technology companies.The firm is run by Kendall Larsen and his family.
$VHC VIRNETX HOLDING CORPapple royalties kicks in should lead price out of the sideways accumulation.
$VHCVirnetX Holding Corporation (NYSE:VHC) ended Friday's trading session at 5.69, advancing 12% with the stock attracting 20.5 million shares. The stock shows signs of bottoming out with the recent up move from its 4-month low. The stock has also moved back from the oversold zone and closed above all its EMAs. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 6.59 area. The trend indicator MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. Long setup on watch for continuation next week.
