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VeriSign Crosses Above its 10-day MA (VRSN)

By Amy Schwartz

VeriSign (NASDAQ:VRSN) crossed over its 10-day moving average of $89.37 on a volume of 124K shares. This may provide swing traders with an opportunity 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 $89.72, 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

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 9.4%. 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