Skip to main content

NEW YORK (TheStreet) -- Shares of PayPal (PYPL) - Get Free Report were gaining by 1.2% to $36.37 in early afternoon trading on Wednesday, ahead of the credit services company's 2015 third quarter earnings report, which is due out after the market closes today.

Analysts expect PayPal to report earnings of 29 cents a share and revenue of $2.27 billion for the third quarter.

The third quarter earnings report will be PayPal's first earnings report since the payments company spun off from former parent company eBay (EBAY). Since the split from eBay, PayPal introduced several new products including, a peer-to-peer payments service similar to the Venmo service, which it owns.

Insight from TheStreet's Research Team:

Chris Versace and Bob Lang have identified PayPal as "Chart of the Day." Here is what Versace and Lang had to say about the stock's chart:

Image placeholder title

Since being spun off from eBay  this summer, PayPal (PYPL) - Get Free Report has been moving in a range, but may now be ready to move strongly to the upside. The chart shows some great potential, with the resistance level exceeded on solid volume Monday.

The Moving Average Convergence Divergence is still on a buy signal, and momentum indicators are overbought, but that is not a reason to sell here. Price is above the upper Bollinger band, and it is in a fat tail condition, which may signal more upside to come. This stock could very well get back to the old highs in the $40's.

The recent crossover of the shorter term moving averages acts as important support. Relative strength is impressive, with new highs reached on Monday. Watch this video for more analysis on PYPL.

- Chris Versace and Bob Lang, "Chart of the Week: PYPL," originally published 10/28/15 on

Want more information like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now.