VeriFone Systems, Inc. designs, markets, and services electronic
payment solutions at the point of sale 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. The company also offers multimedia consumer facing
POS devices; unattended and self-service payment solutions designed to
enable payment transactions in self-service environments; and integrated
electronic payment systems that combine electronic payment processing,
fuel dispensing, and ECR functions, as well as payment systems for
integration.
To review Verfone’s stock, please take a look at the 1-year chart of PAY (VeriFone Systems, Inc.) below with my added notations:
PAY has been trending higher all year and since February the stock
has been climbing a trendline of support (blue). Over the last 2 months
though, the stock has formed at 52-week high resistance at $35 (red). At
some point PAY will have to break one of those two levels.
The Tale of the Tape: PAY has a $35 resistance and
an uptrend line of support to watch. A long trade could be made on
either a pullback down to the trendline, which currently sits near $32,
or on a break through the $35 resistance. A break below the trendline
support should lead to lower prices.
Please share this article
TECHNICIAN, BIG PICTURE, NEWSHOUR.png)
