• Return to Headlines

VeriFone Declining With Trend-Confirming Volume (PAY)

By James Quinn

VeriFone's stock is down 5.6% to $17.30 on heavy trading volume. Today's volume of 2.4 million shares tops the average 30-day volume of 1.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Over the past year, VeriFone has traded in a range of $14.94 to $39.25 and is now at $17.11, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.

Keywords: unusual volume VeriFone

Ticker(s): PAY