.

  • Swing Trade Idea – (PYPL) – July 21, 2020

    Jul 21, 2020 Swing Options Tips Comments Off on Swing Trade Idea – (PYPL) – July 21, 2020

    Our bullish trade for Tuesday, July 21st is PYPL (PayPal Holdings Inc). PYPL is part of the Technology Sector (XLK). XLK has experienced a 6.42% gain in the last month and its 1M and 6M trends turned bullish on April 8th and April 22nd respectively.

    PYPL’s 1M trend turned bullish on July 17th and price has recently pulled back to form a double bottom at support. With a technical score of 10 (out of 10), PYPL is a very strong stock that will likely move higher. 

    As a stop loss, if PYPL were to trade below $163.00 for multiple days, this would invalidate our analysis and we would consider cutting losses on the trade. We would also consider cutting losses on this options trade if the value of the vertical spread moves above $7.40.

0 comment
Top