VeriFone Upward Momentum Looks to Continue (PAY)
SmarTrend identified an Uptrend for VeriFone (NYSE: PAY) on December 16, 2009 at $15.62. In approximately 3 months, VeriFone has returned 42.1% as of today's recent price of $22.20.
VeriFone is currently above its 50-day moving average of $18.17 and above its 200-day moving average of $13.18. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of VeriFone shares.
Write to Chip Brian at cbrian@tradethetrend.com
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