On April 20, 2017, VeriFone Systems ( PAY ) crossed above its 150 daily moving average (DMA). Historically this has occurred 49 times and the stock does not always move up. It has a median gain of 4.104% and maximum gain of 33.911% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 43.0767....
On March 30, 2017 VeriFone Systems (PAY) crossed below its 50 day moving average (MA). Historically this has occurred 97 times. When this happens, the stock does not always continue to drop. It has a median gain of 6.329% and maximum gain of 55.442% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI)...
NYSE:PAY
"Verifone is the maker of electronic payment terminals, including Europay, Mastercard, Visa (EMV) systems which accept credit cards with chips. As of October 1, merchants using non-EMV compliant terminals began assuming liability for fraudulent transactions, a liability previously held by the credit card companies. The shift in this liability should be...
A clear reverse head and shoulders formation in Verifone after a solid earnings beat yesterday. I'm keeping a tight stop loss at 32.66 and looking for the stock to reach the 'neckline' which gives it about 13% upside. The risk/reward ratio is very appealing at approx. 5. There's also a bullish break above the 30 level for the stochastic oscillator. This indicates...
