Art's Charts

Three Leading Stocks within the Payments Space - And Three Poised to Hit New Highs


As noted in ChartWatchers this weekend, the Mobile Payments ETF (IPAY) came to life in November with a 7% gain, which was almost twice the gain in the S&P 500 SPDR (+3.62%). IPAY was lagging in September and October, but is now leading the market as the holiday shopping season begins.

Among the top 10 holdings in IPAY, Square (SQ) came to life over the past month with the largest gain. The PerfChart below shows performance for SPY, IPAY and the top ten stocks in November. Notice that SQ is up double digits and leading the charge. Fiserv (FISV) is next with a 9.5% gain and Global Payments (GPN) is third with a 7% gain.

On the price charts below, FISV, GPN and Fleetcor (FLT) are the leaders with new highs in November. Mastercard (MA), Visa (V) and Fidelity NIS (FIS) are very close to new highs after breakouts and follow-through the last six weeks. I expect these three to hit new highs before yearend.

There is clearly a lot of strength within this industry group. Chartists looking for a leading ETF and leading stocks should focus on IPAY and these six.

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Arthur Hill, CMT

Chief Technical Strategist,

Author, Define the Trend and Trade the Trend

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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