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Look for Shares of Paypal Holdings to Potentially Pullback after Yesterday's 2.20% Rise

By Shiri Gupta

Paypal Holdings (NASDAQ:PYPL) traded in a range yesterday that spanned from a low of $99.33 to a high of $101.26. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $100.59 on volume of 4.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 16.3%. We continue to monitor PYPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Paypal Holdings share prices have moved between a 52-week high of $101.26 and a 52-week low of $70.22 and are now trading 44% above that low price at $101.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

Keywords: rebounders paypal holdings

Ticker(s): PYPL