Vonage: Phone at a Discount

| About: Vonage Holdings (VG)

I added VONAGE HOLDINGS CORP (NYSE:VG) to the Barchart Van Meerten Speculative portfolio.

They are a leading provider of digital phone services with over two million subscriber lines. Their award-winning technology enables anyone to make and receive phone calls with a touch tone telephone almost anywhere a broadband Internet connection is available. They offer feature-rich and cost-effective communication services that offer users an experience similar to traditional telephone services.The Residential Premium Unlimited and Small Business Unlimited calling plans offer consumers unlimited local and long distance calling, and popular features like call waiting, call forwarding and voicemail - for one low, flat monthly rate. Vonage's service is sold on the web and through national retailers including Best Buy (NYSE:BBY), Circuit City, Wal-Mart Stores Inc. (NYSE:WMT) and Target (NYSE:TGT) and is available to customers in the U.S., Canada and the United Kingdom.

Barchart has a 100% overall buy signal. The stock hit 19 new highs in 20 sessions including 5 in the last 5. The price has appreciated 27.09% last month and trades around 2.57 far above its 50-day moving average of 2.20. The 14-day Relative Strength Index is 68.40% and rising.

The analyst that follows the stock looks for a 5 year annual EPS growth of 10.00%.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.