EBAY INCORPORATED
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $100.60 on Jun 6, 2003 prices
rallied, reaching a
high of $115.48
on Jul 9, 2003. A
decline saw prices pull back, reaching a
low of
$109.19 on Jul 18, 2003.
Another rally saw prices penetrate
resistance, closing 7/23/03
at $114.14. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jul 23, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $109.19. Resistance: Is at $115.26.
Point & Figure: Reversed to the upside on Jul 22, 2003. A P&F upside
reversal takes place at $111.00. Summary: Technical indicators have turned bullish. BUY! EBAY INCORPORATED
(EBAY-Nasdaq) @ $115.13 Stop: Use a protective stop of $112.38.
EBAY INCORPORATED is currently trading @ $114.14 plus $2.97 on Jul 23, 2003. Price Objective:
$125.00. Risk/Reward: $2.75 VS. $9.88. Today's Risk Reward Ratio: 4:1
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