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Watch for Verisign Inc to Potentially Pullback After Gaining 1.26% Yesterday

By David Diaz

Verisign Inc (NASDAQ:VRSN) traded in a range yesterday that spanned from a low of $144.86 to a high of $146.66. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $144.71 on volume of 308,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Verisign Inc share prices have moved between a 52-week high of $146.65 and a 52-week low of $94.31 and are now trading 55% above that low price at $146.59 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.5%.

SmarTrend is monitoring the recent change of momentum in Verisign Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Verisign Inc in search of a potential trend change.

Keywords: rebounders verisign inc

Ticker(s): VRSN