Another quick chart that looks good due to its overall pattern pressure and the recent thrusting move. VDSI – Vasco Data Security is now consolidating and building a bullish flag pattern. Once the flag pattern is completed, according to classic technical analysis principles, the trend leading into the pattern should resume and the stock should continue its recent thrusting move to the upside. From a purely technical perspective a price target around 15$ looks feasible. I took an initial position and am looking to buy more if the stock keeps acting well.
Click on chart to enlarge:
Yahoo finance company description:
VASCO Data Security International, Inc., together with its subsidiaries, designs, develops, and markets security systems to secure and manage access to user digital assets worldwide. The company offers VACMAN, a host system authentication platform that combines technologies in one unique platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; DIGIPASS for APPS, a client platform for mobile applications; DIGIPASS clients, a suite of approximately 50 multi-application client e-signature software products; and DIGIPASS as a Service and MYDIGIPASS.COM, an cloud-based authentication services platform, which offers secure access to multiple online and in-the-cloud applications to enterprise employees, businesses, and consumers. It also provides IDENTIKEY Appliance, an authentication solution that offers two-factor authentication for remote access to a corporate network or to Web-based in-house business applications; IDENTIKEY Virtual Appliance, a virtualized authentication appliance that secures remote access to corporate networks and Web-based applications; and IDENTIKEY Federation Server, a server appliance that provides an identity and access management platform. In addition, the company offers DIGIPASS product line that exists as a family of software and hardware client authentication products and services for authenticating users to any network, such as the Internet and mobile applications. Its DIGIPASSES calculate dynamic signatures and passwords to authenticate users on a computer network and for various other applications. The DIGIPASS technology is also designed to operate on desktop PC or laptops, personal digital assistants, mobile phones, and smart cards. The company sells its security solutions through its direct sales force, distributors, resellers, and systems integrators. VASCO Data Security International, Inc. was founded in 1991 and is headquartered in Oakbrook Terrace, Illinois.
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