VERISIGN INC
(VRSN-Nasdaq):
Technical Viewpoint: From a low
of $12.76 on Sep 26, 2003 prices
rallied, reaching a
high of $16.00
on Oct 17, 2003. A
decline saw prices pull back, reaching a
low of
$13.57 on Oct 24, 2003.
Another rally saw prices penetrate
resistance, closing 11/3/03
at $17.14. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 14, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $16.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 3, 2003. A P&F upside
reversal takes place at $16.25. Summary: Technical indicators have turned bullish. BUY! VERISIGN INC
(VRSN-Nasdaq) @ $17.25 Stop: Use a protective stop of $15.75.
VERISIGN INC is currently trading @ $17.14 plus $1.15 on Nov 3, 2003. Price Objective:
$28.50. Risk/Reward: $1.50 VS. $11.25. Today's Risk Reward Ratio: 7:1
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