PAY trade ideas
PAY resting and traping buyers$20 is a false support trapping buyers. This stock is going to $15 from prior support back in 2013. For people who missed this downturn, could still make $5 to the downside. Options are supper cheap right now.
Verifone Report Today // Perfect 2618 running...NYSE:PAY
"Verifone is the maker of electronic payment terminals, including Europay, Mastercard, Visa (EMV) systems which accept credit cards with chips. As of October 1, merchants using non-EMV compliant terminals began assuming liability for fraudulent transactions, a liability previously held by the credit card companies. The shift in this liability should be profitable for Verifone as merchants scramble to update their payment terminals (at last read in 2014, the percentage of EMV enabled devices only reached 27%). Gas stations get a two year extension, however. None of the more than 1 million gas stations in the US have EMV capable devices at this point, due to the high cost of updating self-service gas pumps. Also worth watching on Monday is progress in Near Field Communication (NFC) technology, which allows electronic devices to exchange radio communication with each other when brought into close proximity -- technology used with such apps as Apple Pay, Android Pay and Google Wallet."
Safe trades;
$PAY going down to their 2/16 low of $20.50 low in AHAfter a bad ER, announced layoffs, and possible restructuring, $PAY fell to their 2/2016 low of $20.50 in AH. It will be interesting to watch the price action at the open, but my bet is to start a short position and watch it ride the rest of the day.
PAY closing in on a monthly supportPay on a monthly looks like it's closing in on 24.50 support. Could be a nice R/R to go long on that level.
MACD about to turn over.
PAY: VeriFone Systems Inc (Software & IT Services)PAY: VeriFone Systems Inc is in the technology sector, and within that sector it is in the Software & IT Services industry, which is growing faster that the technology sector itself. I have oil and healthcare stocks, now I wanted something in tech or software, and I found this stock.
I opened a position on PAY based on one of my primary swing trading strategies. My target is 38.10, about +2.40 away if it can break above 36.40. It is currently consolidating on both a monthly and weekly basis, making a weekly ascending triangular pattern and another daily ascending triangular pattern within that weekly pattern.
PAY Earnings Gap Plan (Brad Reed Mar10,2015)If PAY opens below 30.40, Retest Gap. If PAY opens above 36.49, Perfect Gap N Go but strong targets at 37.78 and 38.59 To learn to trade these strategies for free go to www.RealLifeTrading.com
Reverse Head & Sholders in Verifone $PAYA clear reverse head and shoulders formation in Verifone after a solid earnings beat yesterday. I'm keeping a tight stop loss at 32.66 and looking for the stock to reach the 'neckline' which gives it about 13% upside. The risk/reward ratio is very appealing at approx. 5. There's also a bullish break above the 30 level for the stochastic oscillator. This indicates a pick up in momentum.
Pay short at short term , lonog in long termEvery time there was a spike in volume,
The price has a gap,
And then
There was a pull back
So wait until the price hit the bottom of channel
There is room to pull back in short term
Long term still Bullish
PAY ripe for a move uppotential breakout from downwards trend channel to the upside. Needs confirmation
