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VERISIGN INC
(VRSN-Nasdaq):
Technical Viewpoint: From a low
of $11.33 on May 9, 2003 prices
rallied, reaching a
high of $16.20
on Jun 3, 2003. A
decline saw prices pull back, reaching a
low of
$12.95 on Jun 24, 2003.
Another rally saw prices penetrate
resistance, closing 7/8/03
at $15.84. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 8, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $13.63. Resistance: Is at $16.20.
Point & Figure: Reversed to the upside on Jun 27, 2003. A P&F upside
reversal takes place at $14.00. Summary: Technical indicators have turned bullish. BUY! VERISIGN INC
(VRSN-Nasdaq) @ $16.13 Stop: Use a protective stop of $14.63.
VERISIGN INC is currently trading @ $15.84 plus $0.96 on Jul 8, 2003. Price Objective:
$27.00. Risk/Reward: $1.50 VS. $10.88. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$27.00
Risk/Reward:
$1.50 VS. $10.88
Risk/Reward Ratio:
7:1
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