EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $46.26 on Aug 2, 2012 prices
rallied, reaching a
high of $45.99
on Aug 7, 2012. A
decline saw prices pull back, reaching a
low of
$43.73 on Aug 10, 2012.
Another rally saw prices penetrate
resistance, closing 8/17/12
at $46.87. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 17, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $44.95. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 19, 2012. A P&F upside
reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $47.13 Stop: Use a protective stop of $45.13.
EBAY INC is currently trading @ $46.87 plus $1.08 on Aug 17, 2012. Price Objective:
$57.50. Risk/Reward: $2.00 VS. $10.37. Today's Risk Reward Ratio: 5:1
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