PayPal +22.1%: the buy signal holds
PayPal surges 22.1% and clears its buy-signal confirmation week
PayPal +22.1%: the buy signal holds
Our view last week
PayPal shares close the week up 1.9%, rebounding off a clean double bottom in the 41 area with 81% of daily volume on the buy side. It's the natural evolution of the old sell signal, already faded for weeks: a new Buy signal has fired, ranking 2nd among the 6 fresh US Longs in our weekly technical analysis. Signal strength sits at 65 out of 100.
This week's summary
PayPal shares close the week up 22.1%: the Buy signal that fired seven days ago off the double bottom in the 41 area holds, and the first confirmation week closes higher. Money flow stays firmly positive, but a daily RSI already above 80 says the run is getting stretched. In our weekly technical analysis PayPal ranks second among the 112 US buy signals already open, signal strength 86 out of 100.
IQS Phase
50
ordinary
Signal Strength
86
high · wide move
Sizing
FULL
Ranking
#2 / 112
US stocks in progress
Trade P&L %
+22.11%
from signal to today
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