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Shares of Paypal Holdings Rise Above Previous 52-Week High

By Amy Schwartz

Paypal Holdings (NASDAQ:PYPL) traded today at a new 52-week high of $108.99. Approximately 179,000 shares have changed hands today, as compared to an average 30-day volume of 6.4 million shares.

Paypal Holdings (NASDAQ:PYPL) defies analysts with a current price ($108.82) 20.9% above its average consensus price target of $86.03. Paypal Holdings shares have support at the 50-day moving average (MA) of $98.99 and additional support at the 200-day MA of $89.39.

In the past 52 weeks, Paypal Holdings share prices have been bracketed by a low of $70.22 and a high of $108.99 and are now at $108.82, 55% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.6%.

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.

SmarTrend is tracking the current trend status for Paypal Holdings and will alert subscribers who have PYPL in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows paypal holdings

Ticker(s): PYPL