VeriSign (VRSN) NewsBite - One Of Today's Top Losers

Posted: Monday, June 08, 2009 2:35 PM EDT

VeriSign (VRSN) leads the list of top losers so far today and is now at $19.57, down $3.62 (-15.61%) on volume of 13,421,793 shares traded. Over the last 52 weeks the stock has ranged from a low of $16.23 to a high of $41.08. VeriSign stock has been showing support around $22.78 and resistance in the $23.80 range. Technical indicators for the stock are bullish and S&P gives VRSN a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on VRSN the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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