In this week’s “Off The Charts” segment on Mad Money, Jim Cramer checked in with colleague Bob Lang on payment processor charts, all of which have seen strong rallies lately.
What payment processor charts look strong?
Watch the video for the full analysis – here’s a quick summary:
Visa (V) is sporting a bullish flag pattern, MACD momentum indicator and Chaikin money flow. The daily chart of rival MasterCard (MA) looks very similar, while American Express (AXP) has been gaining ground on strong volume.
Smaller processors are all doing quite well. PayPal Holdings (PYPL) bottomed in October and has been full steam ahead since. Square’s (SQ) weekly chart recently broke through a key ceiling of resistance and is now headed towards $100 per share.