PayPal Holdings Inc. (PYPL) – stock is trading around $104.20 dollars as of November, 18, 2019 and offering a possible buying price between $103.73 – $108.92. Let’s look at the stocks technical actions using a weekly chart.
2. After a rock solid run up, the stock staged a reversal back in July.
3. The stock ran into resistance at the 50 day moving average (DMA) since then.
4. However, the stock found support at the 200 DMA the long term support line.
5. It appears to be the stock price finally caught up with 50 & 200 DMA support lines.
6. The stock is offering possible buying price between $103.73 – $108.92, with a stop loss at $95.43.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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