OptionsPlay DailyPlay

he bullish DailyPlay for Tuesday, December 15th is Paypal Holdings Inc (PYPL). PYPL has experienced an 11.3% gain over the past month as digital payments see increased traffic due to COVID-19. 

Fundamental View

  • 21% estimated revenue growth for 2020, accelerating from 15% in 2019
  • Growth in digital and mobile payments due to the pandemic and decrease in cash transaction volume. 
  • Earnings: Jan 27 (43 Days)

Technical View

  • Broke above $216 resistance, pulled back and bounced higher with strong momentum
  • Bullish 1M and 6M trends
  • Strong relative strength, technical score (8 out of 10)