A Stock to Own for 2017 Time to buy Verifone

Verifone is a stock to own now.

Shares of Verifone (NYSE:PAY) have traded in a range of $18.00-$19.00 the last 50 days.

We are now looking at breaking out above the 200 day moving average.

Breaking out by StockSpotify on TradingView.com

Verifone lost half its value in 2016.  Do not let that scare you away.  Verifone is not going out of business, they have almost a monopoly on the point of sale market, especially in the C-store segment.  This last year loser could create huge gains in 2017.  If this break out gains traction you won’t have to wait a year to get an easy 10% gain.  A move from $19.00 to $21.00 is over 10% and it looks like we have a great set up in the works.

 

Another stock that is breaking out is Lending Club (NYSE:LC).  We are placing both Verifone and shares of Lending Club on our 12 Trades per Year Portfolio.  2016 treated our members very well on our 12 Trades per Year portfolio with names like United Rentals, US Oil Fund, Pandora and others.

 

If you would like access to this portfolio join www.StockSpotify.com for less cost than going to the movies.