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Verisign Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Verisign Inc (NASDAQ:VRSN) traded at a new 52-week high today of $140.48. So far today approximately 99,000 shares have been exchanged, as compared to an average 30-day volume of 870,000 shares.

Based on a current price of $139.95, Verisign Inc is currently 20.0% above its average consensus analyst price target of $112.00. Verisign Inc shares have support at the 50-day moving average (MA) of $125.48 and additional support at the 200-day MA of $115.42.

Verisign Inc share prices have moved between a 52-week high of $140.48 and a 52-week low of $90.49 and are now trading 55% above that low price at $139.95 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

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.

SmarTrend recommended that subscribers consider buying shares of Verisign Inc on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $123.09. Since that recommendation, shares of Verisign Inc have risen 13.7%. 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