DailyPlay – PayPal Inc (PYPL) – October 8th, 2021
The bearish DailyPlay for Friday, October 8th is PayPal Inc (PYPL). PYPL is part of the Technology sector that has experienced a 3.9% decline in the last month.
Technical View
- Breakdown of $267 support with high volume and failed retest indicates move lower.
- Weak Technical Score – 4 out of 10
- Bearish 1M and 6M trends
Fundamental View
- Trading at very high valuations (64x Earnings)
- Significant margin expansion needed to justify valuation
- Earnings Nov 1, 2021
View PYPL Trade
As this is a Credit Spread, look to take profits at 50% gain and cut losses at 100%:
- Take Profits: $3.65 Debit
- Stop Loss: $14.60 Debit
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