My guess is that in the next few days to week or 2, VDSI retests 25 to 25.50, then start move to clear Thursdays high range and then retest 28. Still having to clear out all of that heavy volume from Feb. eps report time.
Over the last 6 days during stock rise, up volume days more than down volume days and all volume during this time rising with stock rise. V G sign that current trend is up. Just need to close over the april 16th close price of $ 26.55 to break over current resistance level and push up to the $ 28 level.
Stock is bumping up against declining trend line of closes from mid April run up and high close either May 1st or 2nd. If can close higher tomorrow, breaks this downtrend for about last month. Stoc and RS looking like stock has strength to go up some more, for now.
Based on what I am reading on the chart, looks like stock is holding ( on a closing basis) $25 now. As long as stays above this, I think it is very positive. Upside resistance appears to be about $ 26.50. I expect stock to clear this level next week or 2 and start good uptrend.
If you remember and by rechecking chart, there was a lot of volume between 26 and 28 at last qtr eps date. This is causing some overhead resistance and todays volume will start eating into it. I think within a few days, will get thru this area, then start real short squeeze.