VeriFone Bullish Moving Average Crossover Alert (PAY)
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