EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $219 3/4 on Jan 5, 1999 prices
rallied, reaching a
high of $287.06
on Jan 8, 1999. A
decline saw prices pull back, reaching a
low of
$166.00 on Jan 22, 1999.
Another rally saw prices penetrate
resistance, closing 2/3/99
at $278 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 27, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $247.00. Resistance: Is at $314.00.
Point & Figure: Reversed to the upside on Feb 3, 1999. A P&F upside
reversal takes place at $256.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $280 1/2 Stop: Use a protective stop of $276 7/8.
EBAY INC is currently trading @ $278 1/4 plus $24.00 on Feb 3, 1999. Price Objective:
$390.00. Risk/Reward: $3 5/8 VS. $109 1/2. Today's Risk Reward Ratio: 30:1
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