@Wisar21459468 asked if there was any update on bringing Vinco Ventures CEO Lisa King in for an interview on one of Benzinga’s live shows. Benzinga has repeatedly reached out to Vinco Ventures for another on-camera interview. As of publication time, the company hasn’t agreed on a date.
Vinco Ventures Chart
Vinco Ventures’s stock has been consolidating a 140 percent run from $2.16 on Jan. 10 to a Jan. 18 high of $5.49.The stock has now fallen about 30 percent from the high but after a big move to the upside consolidation in the form of sideways trading or a slight retracement is needed to cool the oscillators. On Jan. 18, Vinco Ventures’ relative strength index hit 80 percent, which put the stock into overbought territory and was a sell signal for some technical traders.
The retracement in Vinco Ventures has settled the stock into a bull flag pattern on the daily chart, with the pole created in the run up to the new high and the flag printing on the days that have followed. If the flag formation is recognized, the measured move could eventually bring the stock toward the $9 level. Bullish traders should take note, however, that the stock formed a similar pattern between Oct. 11 and Oct. 19 and broke bearishly from it.
Vinco Ventures has two gaps above on its chart that are about 90 percent likely to be filled at some point in the future. The first gap falls between $5.56 and $5.86 and the second gap is between the $9.41 and $9.51 range.
Bulls want to see big bullish volume come in and push Vinco Ventures up from the bull flag pattern and into the closest gap above. The stock has resistance at $4.06 and $4.86.
Bears want to see big bearish volume come in and drop Vinco Ventures down below the eight-day exponential moving average, which will negate the bull flag pattern. There is support below at $3.56 and $3.06.
