GPN in a bullish mode
Since early January, GPN – Global Payments Inc. – has been trading in a bullish mode. In fact, it trades mostly above its 20-day exponential moving average, which is moving above the 50-day exponential moving average.
Whenever price touched its 20-day exponential moving average the bulls immediately pushed price up again close to the upper Bollinger Band.
Throughout the same period of time MACD is in bullish territory as momentum never lost its strength.
Just as important, GPN’s Relative Strength throughout the same period is mostly moving up and above its 20-day exponential moving average, another sign of strength compared to the SPY, which we use as benchmark.