PayPal Holdings (PYPL) has rallied to a new high. Do we need to change our strategy from last month? On January 6 we wrote that "Existing longs should raise stop protection to $210. $260 and then the $300-$316 area are our price targets. A dip to $220 is a short-term buying opportunity."
Prices have passed our $260 price target so let's take a fresh look at the charts.