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VeriFone Crosses Above its 10-day MA (PAY)

Written on Mon, 12/31/2012 - 11:39am
By Nick Russo

Today, shares of VeriFone (NYSE:PAY) have advanced above their 10-day MA of $28.86 on a volume of 339K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, VeriFone has traded in a range of $27.33 to $55.89 and is now at $29.13, 7% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1.2%.

SmarTrend is monitoring the recent change of momentum in VeriFone. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of VeriFone in search of a potential trend change.

Keywords: moving crosses VeriFone

Ticker(s): PAY

Contact Nick Russo



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