SPCX has reached a major technical test. After rebounding roughly 40% in 7–8 trading days from its August 3 low, the stock touched $150, near its since-listing VWAP of around $149. VWAP is the average price paid for a stock, weighted by trading volume. Prices with heavier trading carry more influence, making the since-listing VWAP a useful estimate of the market’s average cost basis. That makes the $149–150 area an important resistance zone. A lot of volume is sitting near that average, so profit-taking or “I’m finally back to even” selling tends to appear.(BloFin Research)