Chart Courtesy of Mastertrader.com
Industry: Internet Security Closing Price: 23.49 P/E: 20.5 Avg. Vol.: 4,259K
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: Buy Setup
Trading Strategy: We'll look to buy VRSN if it trades above 23.49 Place a protective stop under 22.85 Target 1: $24.75
SPW Update: CB was a valid entry and is open.