PayPal's Q1 Earnings Report: Insights and Market Reaction.

PayPal is set to release its Q1 financial results after the markets close, with analysts expecting EPS of $1.10 on revenues of $6.98 billion. The stock has been trading in a triangle pattern since April 26, but broke bullishly on Monday, forming a double top pattern at the May 1 high of $76.50. If PayPal receives a bullish reaction to its earnings print and rises above that level, the double top will negate and an uptrend will confirm. If the stock receives a bearish reaction, it may fall back under the upper descending trend line of the triangle, pushing the stock lower into a downtrend.