NEW BULLISH Plays

VeriSign, Inc. - VRSN - close: 44.29 change: +0.91

Stop Loss: 42.85
Target(s): 49.00
Current Gain/Loss: unopened
Time Frame: exit prior to the late July earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
VRSN is an Internet technology company. The stock has been consolidating sideways at multi-year highs the last couple of weeks. Tuesday produced a bullish breakout over resistance at $44.00 and shares closed at ten-year highs.

I am suggesting bullish positions now but only if both VRSN and the S&P 500 index open positive on Thursday morning.

Do not enter position unless VRSN and the S&P 500 are both positive at the open

Suggested Position: buy VRSN stock @ (see above)

- or -

buy the Aug $45 call (VRSN1218H45) current ask $1.30

Annotated chart:

Entry on July xx at $ xx.xx
Earnings Date 07/26/12 (unconfirmed)
Average Daily Volume = 2.0 million
Listed on July 03, 2011