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

By Nick Russo

Verisign Inc (NASDAQ:VRSN) traded today at a new 52-week high of $104.25. This new high was reached on below average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 867,000 shares.

Based on a current price of $103.80, Verisign Inc is currently 9.7% above its average consensus analyst price target of $93.75. Verisign Inc shares have support at the 50-day moving average (MA) of $88.32 and additional support at the 200-day MA of $80.02.

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.

Over the past year, Verisign Inc has traded in a range of $74.01 to $104.25 and is now at $103.80, 40% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

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