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PAYPAL INC
(PYPL-Nasdaq):
Technical Viewpoint: From a low
of $18.23 on Apr 11, 2002 prices
rallied, reaching a
high of $28.70
on May 8, 2002. A
decline saw prices pull back, reaching a
low of
$22.90 on May 15, 2002.
Another rally saw prices penetrate
resistance, closing 5/29/02
at $29.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on May 28, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 28, 2002. A P&F upside
reversal takes place at $26.25. Summary: Technical indicators have turned bullish. BUY! PAYPAL INC
(PYPL-Nasdaq) @ $29.25 Stop: Use a protective stop of $27.25.
PAYPAL INC is currently trading @ $29.00 plus $2.50 on May 29, 2002. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $9.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.00
Risk/Reward:
$2.00 VS. $9.75
Risk/Reward Ratio:
5:1
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