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VERISIGN INC
(VRSN-Nasdaq):
Technical Viewpoint: From a low
of $15.22 on Apr 21, 2004 prices
rallied, reaching a
high of $17.62
on Apr 26, 2004. A
decline saw prices pull back, reaching a
low of
$16.09 on Apr 30, 2004.
Another rally saw prices penetrate
resistance, closing 5/11/04
at $17.95. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 27, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $17.00. Resistance: Is at $18.20.
Point & Figure: Reversed to the upside on May 7, 2004. A P&F upside
reversal takes place at $15.00. Summary: Technical indicators have turned bullish. BUY! VERISIGN INC
(VRSN-Nasdaq) @ $18.13 Stop: Use a protective stop of $16.63.
VERISIGN INC is currently trading @ $17.95 plus $1.05 on May 11, 2004. Price Objective:
$33.00. Risk/Reward: $1.50 VS. $14.88. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$33.00
Risk/Reward:
$1.50 VS. $14.88
Risk/Reward Ratio:
10:1
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