Friday, May 24, 2013

VeriFone Systems Inc. (NYSE: PAY)

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. In addition, it provides server-based payment processing software and middleware; a line of payment hardware and software integration modules that enable self-service solutions; retail bank branch solutions; mass transportation solutions; network access solutions; and mobile retail software. F
Please take a look at the 6-month chart of PAY (Verifone Systems, Inc.) below with my added notations:
6-month chart of PAY (Verifone Systems, Inc.) Back in February PAY took a massive drop from $32 down to $18. Since that drop, the stock has shown a very clear trading pattern. First, you can see the $22 resistance (blue) that PAY had been hitting for (2) months. Outside of that level you will notice that $18, $20 and now $24 have also been areas of support and resistance (red). Bottom line is that PAY is showing that it tends to react to each $2 increment.
The Tale of the Tape: PAY is currently trading between its $22 and $24 levels. A long position could be entered on a pullback to $22 with a stop set below the level of entry. If you were looking for short trades on PAY instead, a break below $22 should provide you with that opportunity.
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Chris Vermulen – Gold And Stocks Getting Ready To Trade Positions?

from Financial Survival Network
Volatility in precious metals has increased dramatically over the past month. This is indicative of a market where the movement is from weak hands to strong hands. Gold mining stocks usually lead the price of physical gold. Chris Vermulen believes that following the money is where it’s at. The Big Money guys put their funds where the greatest return is going to be realized. Every country has been bankrupted and things may be getting back to normal, so perhaps precious metals aren’t the best place to be. The validity of this view remains to be seen.
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Chart of the Day - Energen (EGN)

The Chart of the Day is Energen (EGN).  The price advanced in 16 of the last 20 sessions while gaining 18.26%.  The stock not only had momentum but also positive recommendations from Wall Street.  The stock was near the top of the New High list when sorted for frequency.

The Company is a diversified energy holding company engaged in natural gas distribution and oil and natural gas exploration and production activities. The Corporation's utility subsidiary, Alabama Gas Corporation, is the largest natural gas distribution utility in the State of Alabama. The Corporation's oil and gas exploration and production activities are conducted by its subsidiary, Taurus Exploration, Inc. and its subsidiary.
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5 Best Dividend Stocks for 2013

If I’ve learned one thing over the past decade in the financial publishing business, it’s this: You want less filler and more beef.

Or put simply, little to no commentary and more actionable investment ideas.
Accordingly, I’m not going to bore you with a forecast about what this year holds for dividend investors. Not today, at least.

Instead, I’m breaking down five dividend investments that performed well in 2012 — and should be poised for another banner year in 2013.

So without further ado…

1. Home Loan Servicing Solutions (Nasdaq: HLSS)
Home Loan is a mortgage servicing company that collects and processes payments on mortgages and receives a fee in return. In 2013, the real estate recovery is gaining steam, which means that Home Loan’s business should enjoy a notable uptick, too. (more)

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This ETF is One of the Best Investments of 2013

Thanks to the hit gold prices took in mid-April, other precious metals also got caught in the downdraft — but some still look to be among the best investments of 2013.

Take platinum, for example.

It is currently trading at about $1,500 an ounce, well off its 52-week high of $1,734 an ounce. During the height of the selloff last month, it touched a low of $1,381 an ounce.

Investors sold it along with all other precious metals, even though the fundamentals for platinum may be better than ever. (more)

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“Beginning Of The End” For Japanese Economy

from Zero Hedge:
The surge in Japanese long-term interest rates is likely causing some lost sleep among bond market participants and policymakers (despite their ignorance of the moves in the BoJ minutes) as Nomura’s Richard Koo notes, if this trend continues (now added to by the collapse in stock prices) it could well mark the “beginning of the end” for the Japanese economy. Although the stock market has (until now) welcomed the yen’s continued slide against the dollar, Koo warns that this trend needs to be carefully monitored, as simultaneous declines in JGBs and the yen can be interpreted as a loss of faith in the Japanese government and the Bank of Japan. The biggest concerns are that the extreme volatility in Japanese stocks and bonds is occurring at a time when the BOJ was buying large quantities of government bonds. It is now clear that even large-scale BOJ purchases of JGBs cannot stop yields from rising. Simply put, Koo notes, the BoJ needs to rein itself in and state it will not stand for overshooting inflation expectations or the ‘bad’ rise in rates could crush both the nascent recovery and the nation’s banking system.
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