PayPal tumbles on profit-taking - Analysis - 17-07-2017

PayPal Holdings' stock (PYPL) fell in the intraday levels, recording a loss of 1.28% in the last session, or 0.74 points, as traders collect profit, while the stock gathers momentum to help it rise anew, amid positive support from the 50-day SMA, coupled with the dominance of the main upward short-term trend.

Therefore we expect the stock to return higher, as long as it settles above 57.24, targeting the resistance of 59.49.