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VeriSign Shares Climbing Higher, Up 1.5%

Published on Thu, 05/30/2013 - 10:36
By Peter Chu

VeriSign (NASDAQ:VRSN) is a company whose shares are active, trading 1.5% higher to $47.07. The Dow is up 0.4% to 15,366 and the S&P is currently up 0.5% to 1,657.

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.

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 $47.07, 43% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.12% higher over the past week, respectively.

VeriSign (NASDAQ:VRSN) defies analysts with a current price ($47.07) 3.5% above its average consensus price target of $45.42. The stock should find initial support at its 50-day moving average (MA) of $46.80 and further support at its 200-day MA of $44.51.

By Peter Chu
pchu@fnno.com