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VeriFone Crosses Above its 10-day MA (PAY)

By Shiri Gupta

VeriFone (NYSE:PAY) crossed over its 10-day moving average of $34.66 on a volume of 954K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, VeriFone share prices have been bracketed by a low of $22.60 and a high of $38.26 and are now at $36.29, 61% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.07% lower over the past week, respectively.

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