| 2016-10-04 14:59:33|
GPN 14:59 10/04 10/04/16
Global Payments technical notes before earnings news
On a closing price basis, the $78 level is the one to watch into earnings. That level has been persistent resistance since May of this year. A breakout above $78 on strong positive news and outlook would be a major technical positive and break the range bullishly. Initial resistance would be at the 52-week high at $79.93. Thereafter the next probable objective would be to the $85 to $86 area. If the news is a negative disappointment, next support would be at $74.66. A break below that level would see next support at $72.86, $70, and $68.21. A breakdown below $70 would call the long-term uptrend into question.