VELT just had some news a few days ago(big news, matter of fact) and yet the stock price is practically unchanged. If anything, I 'd say VELT is going to re-test the 52 week low pretty soon. Probably as soon as tomorrow. Take a look at VELT's competition..MM. They just hit another 52 week low today. This sector is out of favor at the moment. My suggestion would be to wait for VELT to hit the next support level( $1.78) before averaging down.