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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$29.00
Risk/Reward:
$1.50 VS. $7.87
Risk/Reward Ratio:
5:1
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