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VeriFone Bullish Moving Average Crossover Alert (PAY)

By Nick Russo

Today, shares of VeriFone (NYSE:PAY) have advanced above their 10-day MA of $36.57 on a volume of 277K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

VeriFone share prices have moved between a 52-week high of $38.26 and a 52-week low of $22.60 and are now trading 62% above that low price at $36.69 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of VeriFone on October 17th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.01. Since that recommendation, shares of VeriFone have risen 13.9%. We continue to monitor PAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses VeriFone

Ticker(s): PAY