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VeriFone Bullish Moving Average Crossover Alert (PAY)

By Shiri Gupta

VeriFone (NYSE:PAY) crossed over its 10-day moving average of $22.74 on a volume of 182K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of VeriFone have traded between a low of $15.34 and a high of $36.13 and are now at $23.06, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for VeriFone and will alert subscribers who have PAY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses VeriFone

Ticker(s): PAY