Global Payments (GPN) provides payment services "to merchants and other financial organizations." The shares have broken out on the upside from a bottom pattern, so let's check and see how and where we might go long.
I noted the bottoming process in my April 3 review.
In the daily bar chart of GPN, below, I can see that share prices found buying interest around $95 several times in the past year before launching a move to the upside in late June. The shares have jumped nearly $35 in a short period of time so new purchases need to be made carefully. GPN trades above the rising 50-day moving average line and above the bottoming 200-day line.
The trading volume has increased since early May and that is a positive development. The On-Balance-Volume (OBV) line shows improvement/strength from early June. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.



