BUY! VERISIGN INC (VRSN) Nasdaq

  Report No. 2336    Analysis by: Harry Aloof     AUGUST 17, 2009

VERISIGN INC (VRSN-Nasdaq): Technical Viewpoint: From a low of $17.64 on Jul 13, 2009 prices rallied, reaching a high of $20.84 on Jul 31, 2009. A decline saw prices pull back, reaching a low of $18.27 on Aug 10, 2009. Another rally saw prices penetrate resistance, closing 8/14/09 at $20.99. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 14, 2009 when the solid line crossed the dotted line to the upside. Support: Remains at $20.00. Resistance: Is at $22.41. Point & Figure: Reversed to the upside on Aug 12, 2009. A P&F upside reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! VERISIGN INC (VRSN-Nasdaq) @ $21.13 Stop: Use a protective stop of $19.63. VERISIGN INC is currently trading @ $20.99 plus $0.72 on Aug 14, 2009. Price Objective: $29.00. Risk/Reward: $1.50 VS. $7.87. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$29.00 Risk/Reward:
$1.50 VS. $7.87 Risk/Reward Ratio:
5:1
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