Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
PayPal Holdings' stock (PYPL) kept rising in the intraday levels, scoring a new profit of 1.59% in the last session, or 1.08 points, and succeeding in piercing the resistance of 68.05, while trading within an ascending price channel that limited recent short-term trading, with positive signals from relative power indicators, coupled with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, as long as it settles above 68.05, targeting the resistance of 71.13.