Beautiful up move started into earnings, that have been guided positive, and guided more positive again!
Vonage up 4.3% as Canaccord starts at Buy
Aug 10 2015, 10:56 ET
Vonage Holdings Corp. (VG) |
By: Jason Aycock, SA News Editor
Vonage (NYSE:VG) is up 4.3% as Canaccord Genuity launches Coverage at Buy.
The firm has a price target of $7.50. Shares closed Friday at $6.24, and are currently trading at $6.51, implying 15% upside.
Analyst consensus rates the stock as a Buy. It's up more than 26% since a solid beat on Q2 earnings July 30.
They haven't been able to knock this down.
It could double, RIGHT NOW, and be undervalued to the competition.
Do the MMs have enough shares to control the market?
We all know you took your miniscule profit and sold kg 2931.
It's funny after 5 years of whining negativity, you can't drag yourself from this board.
Why would anybody listen to an investor that didn't take advantage of averaging down? Who makes the Rookie mistake of selling a successful, hard moving stock when it is coming into it's own?
I would be embarrassed that I had nothing better to do. TIME TO CHANGE YOUR ID AGAIN!
Last Signal: STAY LONG
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 07/13/2015, 18 days ago, when the stock price was 4.9700. Since then VG has risen by +28.57%.
The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.
The perfect storm -
high short shares
Low share availability
Great earnings report - large FCF - profits - growing Revenues
New products and directions.
Consolidation finished at the right moment.
The chart looks awesome
A strong breakaway gap out of a period of consolidation is considered to be much stronger than a non-gap move out. The gap gives an indication of a large increase in sentiment in the direction of the gap, which will likely last for some time, leading to an extended move.
The strength of this gap (and the accuracy of its signal) can be confirmed by looking at that volume during the gap. The greater the volume out of the gap, the more likely the security will continue in the direction of the gap, also reducing the chances of it being filled.
The breakaway gap is a good sign that the new trend has started.
What does it mean when an analyst upgrades 2 days before Earnings CC??
Competitor Ring Central will be reporting the same day as Vonage, after the close.
I expect them to lose money. Watch them fly.
8x8 (Eght) will report Wednesday. Expect stagnant $.01 gaap earnings and $2 million Revenue Growth - It will Fly!
Vonage will report in 8 trading days, Growing $.05 gaap earnings and $5+ million Revenue Growth - Shorts will be scrambling to push it down, but how long can they keep adding to the short position? Losing money?