Eye On VeriFone Systems, Inc.
Sinisa Persic, CMT | May 03, 2015 02:00AM ET
VeriFone Systems, Inc. (NYSE:PAY) has been in a textbook example of an ascending triangle formation for more than 2 months, narowing toward lateral resistance just above 36.5. As the stock edged on Friday above this resistance level, watch for a possible move next into the 37.5 zone. Initial stop below 20day moving average at 35.7.
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