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VERSIGN INC
(VRSN-Nasdaq):
Technical Viewpoint: From a low
of $25.38 on Apr 3, 2001 prices
rallied, reaching a
high of $53.99
on Apr 18, 2001. A
decline saw prices pull back, reaching a
low of
$40.79 on Apr 25, 2001.
Another rally saw prices penetrate
resistance, closing 5/2/01
at $59.40. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 18, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.00. Resistance: Is at $67.00.
Point & Figure: Reversed to the upside on May 2, 2001. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! VERSIGN INC
(VRSN-Nasdaq) @ $60.12 Stop: Use a protective stop of $57.38.
VERSIGN INC is currently trading @ $59.40 plus $6.85 on May 2, 2001. Price Objective:
$90.00. Risk/Reward: $2.74 VS. $29.88. Today's Risk Reward Ratio: 11:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$90.00
Risk/Reward:
$2.74 VS. $29.88
Risk/Reward Ratio:
11:1
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