VeriFone Systems, Inc. designs, markets, and services electronic
payment solutions worldwide. It provides countertop electronic payment
systems that accept magnetic, smart card, contactless or radio frequency
identification cards, and near field communication(NFC) payment
options, as well as support credit, debit, check, EBT, and pre-paid
products; an array of software applications and application libraries;
and mobile solutions that support CDMA, GPRS, Bluetooth, and WiFi
technologies. The company also offers products for consumer-facing
functionality at the point of sale; contactless/NFC payment solutions
consisting of contactless readers for consumer-facing transactions for
indoor and outdoor payment system solutions; and integrated electronic
payment systems that combine electronic payment processing, fuel
dispensing, and ECR functions, as well as payment systems for
integration.
To review Verifone's stock, please take a look at the 1-year chart of
PAY (Verifone Systems, Inc.) below with my added notations:
PAY has consistently hit resistance at $24 (red) during the last (6)
months. In addition, the stock has formed a clear trendline of support
(blue) starting back in June. The resistance has been tested on a dozen
different days and the support has been tested on 9 different occasions.
At some point, the stock has to break through one of those two levels.
The Tale of the Tape: PAY has a clear level of
support and resistance. A long trade could be made on a pull back to $22
(trendline support) or on a break above $24. A break back below $22
would set up a possible short trade.
Please share this article
No comments:
Post a Comment