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Recent 52-Week High Exceeded in Shares of Paypal Holdings (PYPL)

By James Quinn

Shares of Paypal Holdings (NASDAQ:PYPL) traded today at $99.47, breaking its 52-week high. So far today approximately 199,000 shares have been exchanged, as compared to an average 30-day volume of 3.5 million shares.

Paypal Holdings (NASDAQ:PYPL) is currently priced 13.2% above its average consensus analyst price target of $86.03. Paypal Holdings shares have support at the 50-day moving average (MA) of $92.35 and additional support at the 200-day MA of $87.11.

PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants. The Company offers online payment solutions. PayPal Holdings serves customers worldwide.

In the past 52 weeks, Paypal Holdings share prices have been bracketed by a low of $70.22 and a high of $99.47 and are now at $99.13, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Paypal Holdings on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.14. Since that recommendation, shares of Paypal Holdings have risen 16.6%. We continue to monitor PYPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows paypal holdings

Ticker(s): PYPL