A 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.