PYPL Trade on Oct 24, 2019 10:45 from Cklamb: Tradervue User Stock Trades.

PYPL
Intraday Fundamentals
• 'It seems platform initiatives are actually on track' based on latest outlook, Wedbush says
• PayPal Holdings Inc. shares were up sharply in after-hours trading Wednesday after the company beat estimates across the board with its third-quarter numbers.
• The company reported net income of $462 million , or 39 cents a share, up from $436 million , or 36 cents a share, in the year-prior quarter. After adjusting for stock-based compensation and other expenses, earnings rose to 61 cents a share from 58 cents a year earlier. This year's figure included a 15-cent negative benefit from unrealized losses on strategic investments. Analysts surveyed by FactSet had been modeling 52 cents a share in adjusted earnings.
• PayPal 's (PYPL) revenue for the third quarter climbed to $4.38 billion from $3.68 billion in the year-ago quarter, whereas analysts were expecting $4.35 billion . Total payment volume (TPV) increased to $179 billion from $143 billion and came in ahead of estimates for $177.4 billion . Venmo processed $27 billion in volume. Total peer-to-peer volume for the entire family of PayPal products was $51 billion and represented 28% of TPV.
• This was the first time that the company processed more than 1 billion transactions per month over a quarter. The company disclosed that it added 9.8 million net new active accounts in the third quarter and that eBay volume represented 8% of total TPV in the period.
• PayPal also said it was the first foreign company to get a domestic payments license in China .
• The company narrowed its full-year revenue outlook to $17.7 billion to $17.76 billion from a prior range of $17.6 billion to $17.8 billion . The midpoint of the new forecast is higher than it was prior.
• "There's been concern that platform integration delays may continue but based on the guidance for calendar 2019, it seems platform initiatives are actually on track, which in my view is a huge positive," Wedbush analyst Moshe Katri told MarketWatch.
• PayPal shares were up 9% in the aftermarket. They've gained 15% so far this year, as the S&P 500 has risen 20%.
Technicals
ADV 7.14 M RVOL 2.36 ATR 2.46 BETA .96 Short 1.19% Inst Own 84%
Daily

Hourly

Intraday

Trading Strategy
• Long bias,
• This is trading above 104 a strong area of resistance and support, if this holds 104 through out the opening look to long on a pull back near 104
• I have a trend line working about 103.50, look for the action here this has been in a down trend for the last few months
• If this cannot hold 103, hold until it test 102 and look for the bounce. If it stay weak, consider playing short into the close

Reading the Tape
These trades were all made with the help of the tape. The tape did make it seem that I should long bigger out of the gate but I was wrong. The tape also help turn to a short bias for the later part of the morning.
Trade Management

Trade Reviews
• I got a couple bad RvR on this day.
• The last short was poorly managed and I go t lucky to bail on this with a small win. But, it should have held and set a tight stop because I had already taken on to much risk for that trade. It is better to tap out and reenter if it started going my way again. I this situation the break back below 104 was the better trade. Evenif I had taken the loss as I should have.
• The last trade was solid but I could have worked it p all the way from 104 for a huge HOME RUN. This trade only had 4 cents and netted almost 12 to 1