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Paypal Holdings Crosses Below its 10-day MA (PYPL)

By Amy Schwartz

Paypal Holdings (NASDAQ:PYPL) crossed under its 10-day moving average of $105.82 on a volume of 1.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Paypal Holdings share prices have moved between a 52-week high of $121.48 and a 52-week low of $74.66 and are now trading 40% above that low price at $104.68 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Paypal Holdings on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $115.35. Since that call, shares of Paypal Holdings have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses paypal holdings

Ticker(s): PYPL