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Shares of Verisign Inc Has Risen Above Previous 52-Week High

By Shiri Gupta

Verisign Inc (NASDAQ:VRSN) traded at a new 52-week high today of $169.37. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 932,000 shares.

Verisign Inc (NASDAQ:VRSN) is currently priced 33.8% above its average consensus analyst price target of $112.00. The stock should find initial support at its 50-day moving average (MA) of $152.44 and further support at its 200-day MA of $135.24.

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.

In the past 52 weeks, shares of Verisign Inc have traded between a low of $105.40 and a high of $169.37 and are now at $169.07, which is 60% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 0.67% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Verisign Inc on October 5th, 2018 by issuing a Downtrend alert when the shares were trading at $154.89. Since that call, shares of Verisign Inc have fallen 9.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows verisign inc

Ticker(s): VRSN