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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 $62.03. So far today approximately 787,000 shares have been exchanged, as compared to an average 30-day volume of 7.5 million shares.

Paypal Holdings (NASDAQ:PYPL) defies analysts with a current price ($61.80) 11.2% above its average consensus price target of $54.91. Paypal Holdings shares have support at the 50-day moving average (MA) of $39.11 and additional support at the 200-day MA of $36.11.

Paypal Holdings share prices have moved between a 52-week high of $62.03 and a 52-week low of $34.00 and are now trading 82% above that low price at $61.80 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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 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 47.8%. 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