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Recent 52-Week High Exceeded in Shares of Verisign Inc (VRSN)

By James Quinn

Shares of Verisign Inc (NASDAQ:VRSN) traded at a new 52-week high today of $146.64. This new high was reached on below average trading volume as 107,000 shares traded hands, while the average 30-day volume is approximately 859,000 shares.

VeriSign, Inc. provides domain names and Internet security services. The Company ensures the security, stability, and resiliency of key Internet infrastructure including the .com and .net top-level domains among others. VeriSign also offers intelligence-driven security services.

Based on a current price of $145.82, Verisign Inc is currently 23.2% above its average consensus analyst price target of $112.00. The stock should discover initial support at its 50-day moving average (MA) of $133.29 and subsequent support at its 200-day MA of $119.10.

Over the past year, Verisign Inc has traded in a range of $94.31 to $146.64 and is now at $145.82, 55% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

SmarTrend is monitoring the recent change of momentum in Verisign Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Verisign Inc in search of a potential trend change.

Keywords: 52 week high/lows verisign inc

Ticker(s): VRSN