Watching this stock all week...strong resistance in mid 2.30s so it will need a little volume to b/o. Could go to mid 4s or higher. Solid gains/interest today. I plan to keep some cash available for this play. ...hunting my prey...
http://finviz.com/quote.ashx?t=VSTM
Posted May 10, 17 1:13 PMbymnkmiley
Tickers
VSTM
VSTM got stuffed three times last week in the low 2.50s. It also took a little hit when the entire market pulled back on 5/17, but it recovered nicely during the next two trading days and it's poised again to begin filling that gap. I got in on the 2.54 fake out/break out, averaged down after the 5/17 drop, and sold the majority of my position when it gap'd up this morning at open. I still have a small position.
20+ days later....VSTM is a bust, but it taught me a valuable lesson. This stock broke through resistance several times over the last three weeks, but it went nowhere. The lesson is simple, Technicals are nothing without volume...VOLUME is KING, LONG LIVE THE KING!
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