|
VERISIGN INC
(VRSN-Nasdaq):
Technical Viewpoint: From a low
of $32.53 on Sep 6, 2001 prices
rallied, reaching a
high of $43.18
on Sep 19, 2001. A
decline saw prices pull back, reaching a
low of
$36.35 on Sep 27, 2001.
Another rally saw prices penetrate
resistance, closing 10/11/01
at $51.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 5, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.00. Resistance: Is at $57.93.
Point & Figure: Reversed to the upside on Oct 11, 2001. A P&F upside
reversal takes place at $47.50. Summary: Technical indicators have turned bullish. BUY! VERISIGN INC
(VRSN-Nasdaq) @ $52.13 Stop: Use a protective stop of $49.50.
VERISIGN INC is currently trading @ $51.50 plus $4.86 on Oct 11, 2001. Price Objective:
$63.75. Risk/Reward: $2.62 VS. $11.62. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$63.75
Risk/Reward:
$2.62 VS. $11.62
Risk/Reward Ratio:
4:1
|
