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Bullish Moving Average Cross by Paypal Holdings (PYPL)

By David Diaz

Today, shares of Paypal Holdings (NASDAQ:PYPL) have crossed bullishly above their 10-day moving average of $93.72 on a volume of 445K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Paypal Holdings share prices have been bracketed by a low of $82.07 and a high of $124.45 and are now at $95.11, 16% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.7%.

SmarTrend is monitoring the recent change of momentum in Paypal Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Paypal Holdings in search of a potential trend change.

Keywords: moving crosses paypal holdings

Ticker(s): PYPL