VRSN Enters Squeeze Mode at $246.32
NeutralVeriSign, Inc (VRSN) closed up 0.24% at $246.32 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($245.20). The 21-day EMA sits at $245.52.
Momentum
RSI at 49.6 is in neutral territory but trending higher. MACD is bullish (-1.63 vs signal -2.14).
Volatility
Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $238.94, Resistance at $253.63.