VRSN Coils in TTM Squeeze at $246.32, Breakout Imminent
NeutralVeriSign, Inc (VRSN) closed up 0.24% at $246.32 on December 29.
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 $245.58.
Momentum
RSI at 53.2 is in neutral territory but trending higher. MACD is bullish (-1.62 vs signal -2.12).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.