Stock Picks For Thursday: Symantec, Verisign

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Stock Picks For Thursday: Symantec, Verisign

By Antonio Costa on May 21, 2009 | More Posts By Antonio Costa | Author's Website

Chart courtesy of www.stockcharts.com ( click to enlarge )

Verisign (VRSN) - The stock didn’t made a significant moves on Wednesday. My model remains long, targeting 25.83. Immediate support is seen at 22.93. The technical chart is still showing buy signal with stock trading above 50 day moving averages with MACD on top of “0″.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Symantec (SYMC) - Today, the stock continued it’s bearish momentum. On the daily chart, we can see that the stock tested but failed to break its 200-day moving average at $15.66. Looks like more downside potential likely after the stock failed to move past this level on a closing basis. Immediate support is seen at 15 followed by 14.5. Initial resistance at 15.60.

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 examples.

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