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VeriSign Crosses Above its 10-day MA (VRSN)

By Nick Russo

Today, shares of VeriSign (NASDAQ:VRSN) have crossed bullishly above their 10-day moving average of $88.75 on a volume of 529K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, VeriSign share prices have been bracketed by a low of $61.31 and a high of $93.94 and are now at $89.13, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.

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 8.6%. 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