Global Payments $GPN Technical Update – Stock Traders Daily

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Global Payments $GPN Technical Update

The Global Payments (NYSE: GPN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GPN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Strong Neutral
P1 122.54 113.78 111.73
P2 124.61 120.61 119.74
P3 125.51 127.01 127.44

Long Term Trading Plans for GPN

September 5, 2018, 1:45 pm ET

The Technical Summary and Trading Plans for GPN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GPN Report.

GPN – (Long) Support Plan

Buy over 119.74 target 127.44 stop loss @ 119.48.
The technical summary data tells us to buy GPN near 119.74 with an upside target of 127.44. This data also tells us to set a stop loss @ 119.48 to protect against excessive loss in case the stock begins to move against the trade. 119.74 is the first level of support below 123.15 , and by rule, any test of support is a buy signal. In this case, support 119.74 is being tested, a buy signal would exist.

GPN – (Short) Resistance Plan

Short under 127.44 target 119.74 stop loss @ 127.7
The technical summary data is suggesting a short of GPN as it gets near 127.44 with a downside target of 119.74. We should have a stop loss in place at 127.7 though. 127.44 is the first level of resistance above 123.15, and by rule, any test of resistance is a short signal. In this case, if resistance 127.44 is being tested, a short signal would exist.

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