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VeriFone Crosses Above its 10-day MA (PAY)

By Amy Schwartz

Today, shares of VeriFone (NYSE:PAY) have crossed bullishly above their 10-day moving average of $32.94 on a volume of 1.2 million 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.

In the past 52 weeks, shares of VeriFone have traded between a low of $15.34 and a high of $35.11 and are now at $33.94, which is 121% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 1.4%.

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