VeriFone Systems Inc (NYSE: PAY)

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, as well as support credit and debit card, EBT, EMV, and other PIN-based transactions; an array of software applications and application libraries; and portable solutions that support 3G, GPRS, Bluetooth, and WiFi technologies.
Take a look at the 1-year chart of Verifone (NYSE: PAY) below with added notations:

PAY had rallied nicely to start the year. After running up to the $38 area in June, the stock pulled back a bit into August. The stock followed that pullback with another run up to $38, and again pulled back, but this time even further. The stock has now tested the $38 level again (red), and may be looking to finally break thru that resistance. That break would also constitute a new 52-week high.

The Tale of the Tape: PAY has a 52-week resistance at $38. The possible long position for the stock would be on a breakout above $38.
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