PayPal (PYPL) is one of the super and best stock to buy as of March 20, 2019. It’s a big cap growth stocks with strong technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stocks had a solid run up after the successful IPO.
3. The Stock had wide and loose consolidation most of the 2018.
4. The stock also lost the key 50 day moving average (DMA) support during the consolidation.
5. The stock also had decent runs and made nice gains along the way.
6. The 50 day moving average line served/serving as support during the recent run up.
7. The stock had more accumulation week than distribution weeks, though the volume was below average.
8. The stock offers decent buy point between $99.55 and $104.43.
