3 Digital Wallet Stocks To Watch In April

Look for some profit-taking in the digital wallet stocks.

PayPal Holdings, Inc. (NASDAQ: PYPL) has been trending higher, but that trend is in jeopardy.

When stocks are in uptrends, the bulls are in control. If they're trending lower, the bears are in charge. A reversal day pattern is a graphical illustration on a chart of a change in leadership.

On Wednesday, PayPal formed a reversal day pattern. This could mean a new downtrend is about to form.

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Shift4 Payments, Inc. (NYSE: FOUR) broke an uptrend line Wednesday. The bears may be about to drive the stock price lower.

The break of an uptrend line is a different graphical illustration that shows the leadership is changing from the bulls to the bears.

Square, Inc. (NYSE: SQ) hit resistance at the $275 level.

Resistance is a large number of sellers trying to sell their stocks at the same price level. There is more than enough supply to satisfy the demand and then some.

After hitting the $275 resistance level in February, shares of Square trended lower. There is a good chance it happens again.