VeriSign (VRSN) | Breakout or Rejection at $290?VeriSign, Inc.BATS:VRSNtruthseeker6Price is consolidating around $281–282 after bouncing strongly from the $272 support zone.The stock is close to testing the $286–290 resistance area, which has acted as a ceiling multiple times in recent months. Key Support & Resistance Immediate Support: $275 / $272 (major demand zone, buyers consistently defended). Immediate Resistance: $286–290 (overhead supply). Upside Targets: $300.45 – first measured resistance. $316.48 – prior swing high and breakout target. Downside Risk: A breakdown below $272 could open room toward $260–250 zone. Trend & Indicators Moving Averages: Price reclaimed short-term EMAs, showing momentum is shifting bullish. Mid-term MAs are flattening, suggesting consolidation before a possible new trend leg. RSI (54.41): Neutral, pointing upward → room for upside before overbought conditions. PMO: Recently flipped bullish after an extended bearish cycle, confirming improving momentum. Bullish Case A sustained close above $290 confirms breakout strength. Momentum above this zone could quickly push toward $300–316. Buyers stepping in at higher lows strengthens the bullish structure. Bearish Case Rejection at $286–290 could lead to another retest of $275–272 support. Breakdown below $272 would invalidate the bullish thesis and expose downside risk toward $260–250. Conclusion VRSN is at a critical inflection point. Holding above $275 keeps the bias bullish, with potential to reclaim $300+ if resistance breaks. However, failure at $290 keeps the range intact, and a loss of $272 would shift control back to the bears.