VRSN- Ready to move, EMC - Breakout
Chart courtesy of stockchartsLooking at the technical chart, stock show a continuation of the uptrend formed in August. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0 and K line on top of D line. The momentum in the last two months has been great on Verisign, stock came from $28 to above 34$ and now maybe ready to move up again, with a possible break of the ascending traingle. So, keep an eye on VRSN for a possible breakout over $34.
Shares of EMC were up today more than 7% to $20.51 after it was upgraded to "outperform" by Bear Stearns and to "buy" by Citigroup due to the performance of virtualization subsidiary VMware. Stock has broken out a tight consolidation area today and made a new 52 week high during regular session, stock opened ways for new highs.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
That's All. Have a great evening !!!
AC
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
That's All. Have a great evening !!!
AC
