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Bearish Moving Average Cross by VeriSign (VRSN)

By James Quinn

VeriSign (NASDAQ:VRSN) crossed under its 10-day moving average of $91.88 on a volume of 182K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

VeriSign share prices have moved between a 52-week high of $93.94 and a 52-week low of $61.31 and are now trading 48% above that low price at $91.03 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of VeriSign on January 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.51. Since that recommendation, shares of VeriSign have risen 13.3%. We continue to monitor VRSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses verisign

Ticker(s): VRSN