This Payment Processor Stock Is Testing Critical Support By Scalper1 | March 8, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/6nS2h8O_N5E/Tech_030816_GPN_V_SQ_VNTV_PYPL_MA_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/6nS2h8O_N5E/Tech_030816_GPN_V_SQ_VNTV_PYPL_MA_sd.mp4 Loading the player… Global Payments ( GPN ) is testing critical support in the stock market today . The move comes one month ahead of the payment processor’s next quarterly report, which is expected to show earnings growth of 19% and a sales decline of 24%. Shares are testing support at the 50-day and 200-day lines, falling 2.2% to breach those levels in intraday trade. Global Payments’ volume was tracking lighter than average. The two lines are converging, which is a bearish sign. Global Payments’ performance over the past few months has lagged, with the stock coming as much as 31% below its December high. Shares are now about 20% below a consolidation buy point. Elsewhere in the payments space, Square ( SQ ) will issue its quarterly results after the close on Wednesday. Analysts expect to see a per-share loss of 13 cents. Revenue is projected to jump 37%. Square is working on an IPO base with a 14.88 buy point. The stock is currently trading 21% below the pivot, down 5.7% Tuesday afternoon. PayPal ( PYPL ), which is on the IBD 50 list of leading stocks, is also working on an IPO base. PayPal shares are trading 9% below a potential buy point, down 1.5% in afternoon trade. Fellow IBD 50 member Vantiv ( VNTV ) is hovering under a 53.56 cup buy point, which it attempted to break out of late last month. Vantiv’s stock fell 3.1% Tuesday, and is 5% below its recent high. Visa ( V ) dropped below its converging 50-day and 200-day lines on Monday, while MasterCard ( MA ) dropped below its downward-sloping 50-day line on Monday. Visa and Mastercard fell 1.6% and 1.5%, respectively, Tuesday afternoon. Scalper1 News Scalper1 News Related posts: Amazon Stock Retakes Critical Level; Netflix Trips Bearish Signal Nvidia Retakes Critical Level As Stock Spikes On Earnings Apple Stock Retakes Critical Level As Market Surges This FANG Stock Just Tripped A Very Bearish Signal