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Shares of Verisign Inc Rise to a New 52-Week High

By Amy Schwartz

Shares of Verisign Inc (NASDAQ:VRSN) traded at a new 52-week high today of $121.91. This new high was reached on below average trading volume as 434,000 shares traded hands, while the average 30-day volume is approximately 867,000 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.

In the past 52 weeks, shares of Verisign Inc have traded between a low of $74.01 and a high of $121.91 and are now at $121.62, which is 64% above that low price. 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%.

Based on a current price of $121.62, Verisign Inc is currently 14.5% above its average consensus analyst price target of $104.00. The stock should find initial support at its 50-day moving average (MA) of $88.32 and further support at its 200-day MA of $80.02.

SmarTrend recommended that subscribers consider buying shares of Verisign Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $115.32. Since that recommendation, shares of Verisign Inc have risen 4.3%. We continue to monitor VRSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows verisign inc

Ticker(s): VRSN