$PYPL is getting some love as we start the year as traders push this one through the 50 day moving average. I own a position here as the technicals looks great on just about every single time frame.
The stock has made it on a number of lists of top stocks to own in ’17, and has even received an upgrade to start the year. Payments as a whole are off to a good start: $MA $V $PYPL.
Here’s a daily chart of Paypal, it’s gets fun above today’s high. #long
My stock of the year pick!!
No doubt this will probably outperform, very bizarre financial institution. Doesn’t report to credit bureaus as far as I know. Doesn’t do things the traditional way. Has a stranglehold on ebay and is branching out into online payments and money transfers even more. They need another type of payment processor and to promote their credit card more or even create their own “model” for store payment processing. Could move like V or MC.
I was pleased to see my MA position perking up today. It’s great to see some strength throughout the payment space.
Ya – looks like BABA lit up – calls were better play unless a massive fade by the end of the day.
41 is a stone ceiling in this thing.