But that was then, and this is now. Has the stock paid its dues as ramps higher? A note from Wedbush drove the shares above their channel on Monday, and they've consolidated there since. Now it looks like the old $108 is turning into support.
This gives traders a potentially key price area for risk management. As long as it holds, buyers may trickle in and look to ride PYPL back toward the old peaks above $120.