Published On: Wed, Jul 31st, 2013

Vanity Events Holding Inc. (OTCBB:VAEV) Trading Report – 07/30/2013

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Shares of Vanity Events Holding Inc. (OTCBB:VAEV) had surged on Tuesday to make huge gains to move off from the declining trend in prices that had been continuing for the past six months of trading. While the stock had been trading at higher levels of more than $2.00 per share for most of the trading sessions till January 2013, there had been marginal decline in prices after that. The bearish trend of the stock continued to push the prices to levels lower than $1.5 per share by the end of May 2013. The stock had been continuously declining and had plunged to as low as $0.40 per share in the recent days.

However with the whopping gains of more than 200% on Tuesday, the penny stock seems to have started its recovery into the surging trend in prices. It is expected that the company would move on to gain in the near future to present significant returns to the shareholders. Further the company had also attracted heavy volume of trading on Tuesday to support this upward trend in prices, which had surged to as high as $1.55 for the day. Though there had not been any significant business developments to support such upward trend in prices, the technical analysis proves to ascertain the break out of an upward trend.

The holding company involved in providing residential and commercial cleaning services, Vanity Events Holding Inc. (OTCBB:VAEV) had moved on to present significant returns to the investors who had been waiting for this stock to move off from its flat trends. However, as the company had not made any positive news releases in the recent past, it would be advisable to make cautious decisions on this penny stock to avoid any unnecessary risk.

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