OptionsPlay DailyPlay

The bullish DailyPlay for Tuesday, July 21st is PayPal Holdings Inc (PYPL). PYPL has experienced a 6.2% gain over the past month and its 1M trend turned bullish on July 17th and 6M trend turned bullish on April 14th.  

Fundamental View

  • Total payment volume continues to grow 20% year over year. 
  • Expected to continue capitalizing on growth in digital payments as cash transactions decline, accelerated by COVID
  • Number of active PYPL accounts is growing by 15% per year
  • Earnings Play: July 29th (9 Days)

Technical View

  • Pullback towards the 20 D EMA provides a better risk/reward for long entry
  • Both 1M and 6M trends are bullish
  • Very strong relative strength, technical score (10 out of 10)
 

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