DNDN nice chart , VG ugly chart
Chart courtesy of stockchartsDNDN gapped up at the open to 20.00 with heavy volume and quickly ran through 21 and reached more than 24 during the session closing at 23.58 more +30% from the previous close. DENDREON CORP is one of the hottest stocks in the market right now, it has one of the nicest charts in the Nasdaq.
On the other hand, another bad day for Vonage stock down nearly after a judge said it could not add new customers due to a finding that it infringed Verizon Communications patents for making phone calls over the Internet. Vonage stock has steadily lost its value since its initial public offering at $17 a share in May last year. Looking at this chart, hhmmm it's difficult to me right now analyse this stock due to many factors and news around the company. My honest opinion and based on the chart and recent news is : stay away from this stock, till any signal of rebound. Right now 3$ is the major support. Be careful if break down.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All. Have a nice evening !!!
AC
