( Friday close ) Chart courtesy of stockcharts

Vonage shares are very active today after signed a cross-licensing agreement to settle a patent dispute with Canadian electronics manufacturer Nortel. Looking at the daily chart, stock is now trading in sideways, after October rally. Overall, stock still trading in a Bear Market , with its dma below of 200, however we start to see that its 50 dma is moving up, which mean a clear signal of strenght, so keep an eye on her for a possible movement to the upside. Resistance is now $2.52 level.

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 example.