Thursday, March 17, 2011

VeriFone Systems -- PAY-- Barchart Chart of the Day

Barchart.coms Chart of the Day - VeriFone Systems (PAY)
Related Stocks
 PAY - Verifone Systems
Sym Last Chg Pct
PAY 52.25 +0.79 +1.54%
The "Chart of the Day" is VeriFone Systems (PAY), which showed up on Wednesday's Barchart "All Time High" list with a 1.54% rally to a high of $52.77. TrendSpotter has been Long on VeriFone since Feb 7 at $44.21. In recent news on the stock, Bloomberg reported on March 15 that Google (GOOG) will begin testing within four months its mobile payment service that involves Google paying for thousands of VeriFone merchant cash-register systems that are equipped to accept Google's payment system. VeriFone, with a market cap of $4.2 billion, is a global leader in secure electronic payment technologies.

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How we found the Chart of the Day:

We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 75% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 88% Buy


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