August 23, 2004
SpeculatingStocks.com Stock Pick: Velocity Express Corporation (VEXP)
Stock Price: $0.40 (short-term strong buy)
We released VEXP as a stock pick successfully in the past as a short-term strong buy at $0.52 before it ran to $0.81. We believe it is once again a short-term strong buy at current levels.
Velocity Express Corporation operates the largest nationwide network of customized, time critical delivery solutions. The company provides a proprietary package tracking system that allows its customers to control their package from start to finish.
Read the first VEXP stock pick for additional information.
VEXP appears to have heavy support at the $0.40 level. The stock has been bottoming at this level for the past nine trading days. With the market trending up the last week, we believe VEXP will start going up again.
SpeculatingStocks.com Target Price: We expect VEXP shares to reach $0.60 within the next two months.