Global Payments Inc. (GPN)

Purchase Info

Stock Price History

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Our View

Global Payments is a leading financial technology services company specializing in payments software and processing solutions. It mainly focuses on small and midsized merchants. The company also has a strategic partnership with Amazon Web Services for its cloud-based offerings. Global Payments also has a host of partnerships with financial institutions in international markets. Increasing use of technology in payments, the breadth of Global Payments’ solutions, and abundant growth opportunities in international markets are all drivers for the company’s long-term growth prospects.

The 10-year chart for Global Payments shows a consistent uptrend since 2013. However, the price has had major retracements in late 2018, March 2020, and most recently in May and June 2021. The most recent pullback saw the price fall by about 13%. It ended up going close to the bottom of the longer-term trend before indicating a reversal in July 2021. A long position with a target of $216 – the previous peak – and a stop loss of $178 offers an attractive risk-reward ratio.
Position entered into our long-term tracking portfolio today. The entry point is at $195.53, and stop-loss is placed at $150.36, which is 23% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $222.76, giving a profit of 14%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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