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.
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