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Paypal Holdings Bearish Moving Average Crossover Alert (PYPL)

By Amy Schwartz

Today, shares of Paypal Holdings (NASDAQ:PYPL) have fallen below their 10-day MA of $59.20 on a volume of 820K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Paypal Holdings have traded between a low of $34.00 and a high of $61.30 and are now at $58.99, which is 74% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Paypal Holdings on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.79. Since that recommendation, shares of Paypal Holdings have risen 42.3%. We continue to monitor PYPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses paypal holdings

Ticker(s): PYPL