• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Stocks

PayPal Could Trade Still Higher in the Weeks Ahead

PayPal's stock price is still in a strong uptrend, with the $120-$125 area the next price target.
By BRUCE KAMICH
May 29, 2019 | 03:12 PM EDT
Stocks quotes in this article: PYPL, SQ, GPN, TSS

Toward the end of Tuesday night's Mad Money program, Jim Cramer discussed the Global Payments (GPN) -Total System Services (TSS) deal that could be a headache for PayPal Holdings Inc. (PYPL) and Square Inc. (SQ) .

However, the latter has a unique position with its large collection of small-and medium-sized businesses, while the former is a global payments' juggernaut.

Investors need to buy the pullbacks in PayPal, the undisputed leader with its collection of excellent assets, which include Braintree and Venmo, Cramer concluded.

Let's check out the charts of PYPL to round out the analysis.

In the daily bar chart, below, we can see that PYPL has held steady this month while so many stocks have stalled, weakened or slumped. PYPL is trading above the rising 50-day moving average line, which has not been tested since early February. The slower, 200-day moving average line has been bullish the past twelve months.

The daily On-Balance-Volume (OBV) line has been in an uptrend since October and confirms and supports the bullish case.

The trend-following Moving Average Convergence Divergence (MACD) oscillator has rolled over the past six weeks, signaling a take profits sell.

In the weekly bar chart of PYPL, below, we can see an impressive rally the past three years, and, unlike many other charts I have examined in recent weeks, no top pattern or formation. The 40-week moving average line has a positive slope.

The weekly OBV line made a new high in April and May, but the weekly MACD oscillator has been narrowing toward a possible take profits sell signal in the weeks ahead.

In this point-and-figure chart of PYPL, below, we can see an upside price target of $123 being indicated.

Bottom-line strategy: I have been finding too many bearish charts lately, so reviewing PYPL has been refreshing. Prices are still in a strong uptrend, with the $120-$125 area the next price target. Raise stop protection to a close below $105.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities.

TAGS: Investing | Stocks | Technical Analysis | Financial Services | E-Commerce

More from Stocks

Institutional Selling, FOMC Meeting, Adobe and MongoDB: Market Recon

Stephen Guilfoyle
Dec 10, 2019 7:56 AM EST

Judging corporate performance into the fourth quarter, sectors to watch and charting these 2 stocks.

The Waiting Game

James "Rev Shark" DePorre
Dec 10, 2019 7:54 AM EST

The waiting isn't much fun but there will be great trading opportunities when news on the tariffs finally hits.

This Airline Stock Is Flying Under the Radar

Paul Price
Dec 10, 2019 7:00 AM EST

Here's how to get on on board JetBlue.

Sigh a Breadth of Relief: Key Market Indicator Continues to Improve

Helene Meisler
Dec 10, 2019 6:00 AM EST

The S&P 500 dipped and breadth on the NYSE stayed -- barely -- positive, but here's the catch: The McClellan Summation Index just won't turn up.

Traders Appear Stuck as Tariff Deadline Looms

James "Rev Shark" DePorre
Dec 9, 2019 4:32 PM EST

Many traders have a theory about what might come of the China trade talks with Washington, but any bet is a gamble.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:02 AM EST BOB LANG

    Added Some Peleton

    This stock is starting to gain some traction, the ...
  • 01:06 PM EST CAROLYN BORODEN

    MRK and LVS Targets Coming Up

    View Chart » View in New Window »  LVS View C...
  • 12:01 PM EST BOB LANG

    Rolling Up Apple

    Just the other day we added some Apple calls on th...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2019 TheStreet, Inc., 14 Wall Street, 15th Fl, NY, NY 10005

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login