Paypal (PYPL) Closes Last Hour Up $0.61; Moves Down For the 2nd Day In A Row, Makes Big Move Relative to Two Week Trend, Fares the Worst Out of mega cap US stocks

PayPal Holdings Inc Daily Price Recap

PayPal Holdings Inc came into today down 6.41% ($13.15) from the open of the day prior, marking the 2nd day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 7.16% from the day prior, and up 229.01% from the same day the week before. Let’s take a look at the daily price chart of PayPal Holdings Inc.

PYPL

PayPal Holdings Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: PayPal Holdings Inc crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that PayPal Holdings Inc’s price has gone up 7 of the previous 10 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to PYPL:

    $PYPL Over the past 6 months, PYPL had a 100.0% chance of making a 1% gain or more within 5 days, if you bought at the Monday closing price. Average return is 5.7%. This is my analysis if you want to check it out: http://stockdips.com/FMD/PYPL.htm

    Ibuyss