BUY, SELL, HOLD (2)

Defense Stock Bucking the Broad Market Trend

VVX has come off its November highs but is deeply oversold

Managing Editor
Dec 30, 2024 at 10:43 AM
facebook X logo linkedin


V2X Inc (NYSE:VVX) stock is brushing off the broad market selloff today, after the defense name secured a $170 million contract with the Drug Enforcement Administration (DEA). At last check, VVX is up 0.3% to trade at $47.11, one of the few positive names on the New York Stock Exchange (NYSE) today.

The stock earlier traded as high as $47.87, but succumbed to broad market headwinds. Regardless, the gains today have VVX holding its year-to-date and year-over-year breakeven levels. The shares are stumbling into 2025 with a 15.4% fourth-quarter deficit, and have shed 32.7% off their Nov. 11 record high of $69.75. Keep an eye on the shares' 320-day moving average, a trendline breached earlier this month that stepped up as support back in the summer. 

At last check, the equity's 14-Day Relative Strength Index (RSI) sits deep in oversold territory at 12.5, so a sustained short-term bounce could be in the cards. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.