its shares were up 29% last year and are up 9.5% YTD. Earnings are expected tomorrow

Taking a look at Global Payments ahead of its earnings tomorrow. Currently, its stock is trading at around $137.72 a share, Based on the daily interval, we can see that the stock formed a support base between $92.28 and $95.12. Since then, it has rallied 44% and is up 9.5% YTD. It has risen at a sharp angle, but the trendline is acting as key support here for continuation. However, the MACD is now starting to falter, perhaps it is slightly overbought for the near term. Support along the trendline reads $135.77, a break below would not necessarily suggest that a big retracement is underway as there are various support levels below. $133.65 then $131.81 and then $129.51. Its share price has actually broken and closed above the resistance of $136.87 in yesterday’s session, which in theory is a bullish indication. The next key resistance reads $146.78. Although, the earnings will determine the near-term direction here. As already mentioned, the MACD has faltered and is not flat, whereas the RSI is still positive as it reads 64.