VeriSign - 52 Week High

Published on Wednesday, 08 August 2012 12:34 Written by TradersHuddle Wire

New York, August 8th (TradersHuddle.com) - Shares of VeriSign, Inc. (NASDAQ:VRSN) booked a new 52 week high today by trading above $46.16, traders are definitely monitoring VeriSign's price action to see if this move attracts further buying into the stock.

VeriSign, Inc. (NASDAQ:VRSN) provides Internet infrastructure services needed by websites, enterprises, electronic commerce providers, and individuals to conduct electronic commerce and communications over Internet protocol networks.

VeriSign is currently trading 0.89% versus its previous trading session close, and it has calculated support and resistance at $40.99 and $46.13 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading higher by 0.14% from its previous trading close, which means that VeriSign stock is outperforming the overall market.