PYPL Trade on Jul 25, 2019 09:48 from Cklamb: Tradervue User Stock Trades.

PYPL
Intraday fundamentals
CEO says delays in product integration led to reduced full-year revenue forecast
PayPal Holdings Inc. reported better-than-expected second quarter profit Wednesday, even after accounting for investment benefits, but shares fell in premarket trading after the company lowered its full-year revenue outlook.
Chief Executive Dan Schulman told MarketWatch that the reduced outlook was the result of delayed partner implementations.
PayPal (PYPL) now models full-year revenue growth of 14% to 15% at current spot rates. Its prior forecast called for growth of 16% to 17%. Schulman said he was confident that PayPal would eventually realize impact from the partnerships subject to implementation delays, saying the revenues "are just a matter of when, not if."
Shares were down almost 4% in premarket trading.
For the second quarter, posted net income of $823 million, or 69 cents a share, up from $526 million, or 44 cents a share, a year earlier.
Adjusted earnings per share climbed to 86 cents from 58 cents a year earlier, and came in ahead of the FactSet consensus of 69 cents. That estimate largely didn't take into account PayPal's disclosure from earlier in the month stating that the company expected a positive earnings impact of 14 cents stemming from investment benefits, compared to the 1 cent impact the company forecast when it issued its outlook months earlier. The company invested in MercadoLibre Inc. (MELI) earlier in the year.
Schulman said that PayPal was in the "final stages" of its commercial agreement with MercadoLibre that will create interoperability between the two companies' networks of buyers and merchants.
Revenue for the quarter rose to $4.31 billion, up from $3.86 billion a year earlier, while analysts surveyed by FactSet had been modeling $4.33 billion. Total payment volume jumped to $172 billion from $139 billion, meeting expectations of $172 billion. Venmo processed $24 billion in volume, while total peer-to-peer volume represented $46 billion.
The company added 9 million net new active accounts in the period.
For the third quarter, PayPal expects $4.33 billion to $4.38 billion in revenue and 69 cents to 71 cents in adjusted EPS. The FactSet consensus calls for $4.44 billion and 70 cents, respectively.

Technicals
ADV 9 mill RVOL 1.52 ATR 1.95 BETA 1.95 Short 1.26% Inst . Own 84.20%
Daily

Hourly

Intraday

Hold for a long@116 or 114.75 if the stock bounces strongly off of these levels
Consider breakout trade or short 118 depending on the time and the momentum on the tape at that level. This is a tough one to play out of the open. The risk would leave me light on the position.
Reading the Tape
I watched this only briefly before entering, I did watch as it started to look to fail above 114. It looked heavy enough for me to spook myself out of a trade.
Trade Management

Notes
This was a solid support play that did not fit what I had planned out in the premarket. There was to much risk for my target. Although, the idea was there as solid plan and the discipline to follow through was not.