Verisign - Stock Play of the Week - 12/22/2009

21 December 2009 @ 11:13 pm EDT

Industry: Internet Security Closing Price: 23.90 P/E: 21 Avg. Vol.: 3,869K

Company Profile: 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.

Chart Setup: Breakout

Trading Strategy: We'll look to buy VRSN if it trades above 24.07 Place a stop under 23.61 Target 1: $25.00

SPW Update: LRCX was closed at stop.

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