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Watch for Shares of Verisign Inc (VRSN) to Approach Resistance at $121.51

By Nick Russo

Shares of Verisign Inc (NASDAQ:VRSN) opened today above their pivot of $120.35 and have already reached the first level of resistance at $120.87. Should the shares continue to rise, the resistance pivots of $121.51 and $122.66 will be of interest.

There is potential upside of 0.0% for shares of Verisign Inc based on a current price of $0.00 and an average consensus analyst price target of $104.00. The stock should find initial resistance at its 200-day moving average (MA) of $80.02 and further resistance at its 50-day MA of $88.32.

Verisign Inc share prices have moved between a 52-week high of $121.61 and the current low of $0.00 and are currently at $0.00 per share. 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 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: pivot alerts verisign inc

Ticker(s): VRSN