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Downtrend Call Working As VeriSign Stock Falls 17.5% (VRSN)
Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for VeriSign (NASDAQ:VRSN) on October 23rd, 2012 at $47.07. In approximately 2 months, VeriSign has returned 17.52% as of today's recent price of $38.82.
In the past 52 weeks, VeriSign share prices have been bracketed by a low of $32.81 and a high of $50.15 and are now at $38.82, 18% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 1.96% lower over the past week, respectively.
VeriSign, Inc. provides Internet infrastructure services needed by websites, enterprises,electronic commerce providers, and individuals to conduct electronic commerce and communications over Internet protocol networks. The Company also provides Internet domain registration services for all all .com, .net, .cc, .tv, .name and .jobs domain namesand.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of VeriSign.
Log in and add VeriSign (VRSN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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