VeriSign (VRSN) NewsBite - Trading With Unusual Volume

Tuesday, December 23, 2008 1:05 PM EDT

VeriSign (VRSN) appears to be trading at a lower than usual volume today and is now at $19.26, down $0.22 (-1.13%) on volume of 719,767 shares traded. For the last 30 days VRSN has traded 3,577,293 shares on average each day. So far today's volume is -79.88% below that average volume. Over the last 52 weeks the stock has ranged from a low of $16.23 to a high of $42.50. VeriSign stock has been showing support around $17.75 and resistance in the $22.05 range. Technical indicators for the stock are neutral and S&P gives VRSN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on VRSN the stock seems like it could be a candidate for a February out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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