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Paypal Holdings Crosses Below its 10-day MA (PYPL)

By Amy Schwartz

Paypal Holdings (NASDAQ:PYPL) shares have crossed bearishly below their 10-day moving average of $106.81 on a volume of 602K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Paypal Holdings share prices have moved between a 52-week high of $121.48 and a 52-week low of $74.66 and are now trading 42% above that low price at $105.93 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.6%.

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: moving crosses paypal holdings

Ticker(s): PYPL