EARN25

Bull Signal Says PYPL Could Move Closer to Record Highs

The security sports attractively priced premiums right now

Digital Content Manager
Mar 17, 2021 at 2:58 PM
facebook X logo linkedin


The shares of PayPal Holdings Inc (NASDAQ PYPL) are higher this afternoon, last seen up 0.6% at $250.89. The tech concern just recently hit a Feb.16 record high of $309.14, and remains up a remarkable 154.7% year-over-year. The even better news is that PYPL's recent tumble has placed it near a historically bullish trendline, which could help the security bounce back closer to its all-time high over the next couple of weeks. 

More specifically, PayPal stock just came within one standard deviation of its 80-day moving average, after spending months above this trendline. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, at least five similar signals have occurred in the past three years. The equity enjoyed a positive return one month later in 75% of those cases, averaging a 4% gain for that period. From its current perch, a move of similar magnitude would put PYPL over the $260 mark, which is closer to its February peak.

PYPL 80 Day

Now could be a good time to weigh in on PayPal stock's next move with options. The equity's Schaeffer's Volatility Index (SVI) of 41% sits higher than only 17% of all other readings from the past year. In other words, options players are pricing in lower-than-usual volatility expectations right now.

Lastly, the security's Schaeffer's Volatility Scorecard (SVS) sits at an elevated 86 out of 100. This indicates the security has exceeded volatility expectations during the past year.

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!