SmarTrend Detects Continued Buying Pressure in Shares of VASCO Data Security International (VDSI)
SmarTrend identified an Uptrend for VASCO Data Security International (NASDAQ: VDSI) on January 12, 2010 at $7.23. In approximately 1 month, VASCO Data Security International has returned 7.7% as of Thursday's closing price of $7.79.
VASCO Data Security International is currently above its 50-day moving average of $7.33 and above its 200-day moving average of $7.39. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of VASCO Data Security International shares.
Write to Chip Brian at cbrian@tradethetrend.com
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