Verisign, Inc. (NASDAQ:VRSN) is our Stock of the Week

Verisign, Inc. (NASDAQ:VRSN) was selected as the Stock of the Week this week.  The Correlation Filters offered by Stock Traders Daily identified VRSN as being a prime candidate to participate with an expected market increase this week, that evaluation was made over the weekend, and this far VRSN is performing largely as expected.

This trade is part of a broader Strategy called our Stock of the Week Strategy.  This Strategy is designed to trade one stock every week, and to end every week in cash.  The Trades are based on a set of defined rules, largely associated with our technical observations of the stock itself, but predicated on our combined market observations as well.

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With a technical observation of the markets we get an idea of direction, and from there we use the correlation filters to find stocks likely to follow the market in that expected direction. 

VRSN was identified and selected this week, and it is our Stock of the Week.

Technical Summary

Term →Near Mid Long
Bias Strong Strong Neutral
P1 83.15 63.98 73.62
P2 84.75 75.22 86.20
P3 87.71 86.26 98.70

Long Term Trading Plans for VRSN

March 2, 2016, 10:45 am ET

The technical Summary and associated Trading Plans for VRSN listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for VRSN. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

VRSN - (Long) Support Plan

Buy over 86.20 target 98.70 stop loss @ 85.94.
The technical summary data tells us to buy VRSN near 86.20 with an upside target of 98.70. This data also tells us to set a stop loss @ 85.94 to protect against excessive loss in case the stock begins to move against the trade. 86.20 is the first level of support below 87.53 , and by rule, any test of support is a buy signal. In this case, support 86.20 is being tested, a buy signal would exist.

VRSN - (Short) Resistance Plan

Short under 98.70 target 86.20 stop loss @ 98.96
The technical summary data is suggesting a short of VRSN as it gets near 98.70 with a downside target of 86.20. We should have a stop loss in place at 98.96 though. 98.70 is the first level of resistance above 87.53, and by rule, any test of resistance is a short signal. In this case, if resistance 98.70 is being tested, a short signal would exist.


VRSN Long Term Analysis


VRSN EPS Analysis

VRSN Dividend Chart

VRSN Revenue chart

VRSN Growth rate - Quarterly

VRSN Growth rate - Yearly

VRSN PE chart

VRSN PEG chart

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