Long PayPal's Stock? Maybe You Should Get Paid Now

PayPal Holdings, Inc. (PYPL) was reviewed in Kamich's Korner back in October, and I recommended that "PYPL has traveled a long way from its lows seen in late 2016. Prices are extended but not toppy. Longs should consider raising sell stop protection to below $62." Prices never declined to below $62 but now the chart is looking a little soppy and a new strategy is recommended.

In this daily bar chart of PYPL, below, we can see what might be a distribution (selling) pattern since November. The slope of the 50-day moving average line is still positive but the line has been tested many times since early February. Prices are outlining three highs -- one in November, one in January and the third looks like it is being made now....195 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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