Chart of the day: PYPL

Today's chart of the day is a recent IPO that almost all of us use for online purchases, Paypal.

PYPL has formed a few key levels that we can now trade off. First are the IPO lows and highs, which form an 8 point range between $34 and $42. Watch for either a pullback to the low or breakout of the highs for a good, low risk entry. The other two key levels are the gap fill and pivot areas annotated on the chart below.

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Chart of the day: GoPro

Today's stock chart of the day GoPro. GPRO is a recent IPO that is riding an earnings catalyst after bottoming out in early March. It is now breaking out and stalling at the newly formed 200 day moving average resistance level. A break of this level could set the stock up for a run to it's highs around $80.

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