VASCO Data Screams Higher
October 27, 2011 2:26 PM
Shares of VASCO Data Security International (NASDAQ: VDSI) are screaming higher today on the back of better than expected Q3 earnings results and increased guidance. Currently, shares are higher by 28.18%, trading at $8.05; they closed yesterday's session at $6.28.
VASCO Data has been sliding lower for the past four months after breaking down through the 20-day and 50-day moving averages. October has proved to be constructive for the stock, though, with a firm consolidation pattern below the 50-day moving average. Shares are now trading firmly above the 50-day.
Stock volume is running extremely high today as well, at 6.8x the 10-day daily average volume. VASCO Data has not seen this type of volume in over four weeks.
VASCO Data Security International, Inc. through its operating subsidiaries, designs, develops, markets and supports hardware and software security systems that manage and secure access to information assets.
