VRSN ends the day on a bullish note closing near the high of the day
Verisign Inc. (VRSN) Technical Analysis Report for Sep 14, 2018
Moving higher for the 2nd day in a row, VRSN ended the week 3.71% higher at 163.65 after gaining $1.53 (0.94%) today. Today's closing price of 163.65 marks the highest close since October 24, 2000. Trading up to $0.91 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Thursday's high at 163.57, the stock confirms its breakout through the prior session's high having traded $0.47 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Friday's trading range was $2.01 (1.23%), that's slightly below last trading month's daily average range of $2.18. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.
After having been unable to move lower than 161.76 in the previous session, Verisign Inc. found buyers again around the same price level today at 162.03.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.
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