VASCO Data Security International, Inc. (NASDAQ: VDSI)

VASCO Data Security International, Inc., together with its subsidiaries, designs, develops, markets, and supports hardware and software security systems that manage and secure access to information assets worldwide. The company offers VACMAN Controller, a host system software authentication platform that combines technologies in one platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; DIGIPASS as a Service, a cloud-based authentication service primarily for enterprise customers; and MYDIGIPASS solutions for end user authentication in the cloud.
Take a look at the 1-year chart of VASCO (Nasdaq: VDSI) with the added notations:

VDSI rallied nicely from April until its November peak. Since then, the stock has traded sideways to lower. During this sideways period, the stock has been finding repeated support at $21 (blue). Now that the stock is there again, traders should be able to expect some sort of bounce. However, if the $21 support were to break, much lower prices should follow.

The Tale of the Tape: VDSI has a key level of support at $21. A trader could enter a long position at $21 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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