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$VG - Vonage Holdings

Long
NYSE:VG   None
47 views
3
Vonage looks oversold mostly due to automatic share sales from CPO , CEO, President etc and slightly disappointing earnings .

Numerous oversold signals on the RSI over the last few weeks.

As long as price holds above the 200ma next week I will be looking to buy.
Comment: In at $6. Inside day following hammer on low volume.

Negative side of the trade is price is still be 200MA, however, it is a strong round number so looking at upside to $8.
Comment: Holding this trade to 5.50 where I will exit for a loss. Still believe in the upside potential .