Vonage Pivot Points As Shares Peter-Out (VG)

Posted in General 
August 27th, 2009

Vonage Holdings Corporation (NYSE: VG) petered out yesterday and appears to be petering out some more this morning. Shares are down abouy 2.3% at $2.11 on over 800,000 shares as of 8:50 AM EST. Be advised that shares hit a new 52-week high yesterday and traded about 80 million shares. The low yesterday was $1.82 and the close was $2.17; while the range on Tuesday was $0.66 to $1.65 and that closing price was $1.59. On Monday this was a $0.60 stock and it was under $0.50 last week. -JON OGG

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