PayPal rise post-earnings? [Video]
|Looking at PayPal from a seasonal perspective we can see that it tends to rise during the traditionally quieter summer months. From May 8 through to August 31, PayPal shares have risen 71% of the time over the last 7 years. The maximum gain has been a stunning 40.83% and the maximum loss was only 6.23%.
Does this mean that PayPal is an attractive dip to buy should earnings disappoint on Monday’s earnings print?
Major Trade Risks: The biggest risk here is if earnings disappoint and/or the seasonal pattern does not play out well this year on global growth worries.
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