EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $48.25 on May 8, 2001 prices
rallied, reaching a
high of $66.50
on May 21, 2001. A
decline saw prices pull back, reaching a
low of
$58.58 on May 30, 2001.
Another rally saw prices penetrate
resistance, closing 6/20/01
at $69.50. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jun 20, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $62.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 15, 2001. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $69.62 Stop: Use a protective stop of $66.87.
EBAY INC is currently trading @ $69.50 plus $6.35 on Jun 20, 2001. Price Objective:
$82.50. Risk/Reward: $2.75 VS. $12.88. Today's Risk Reward Ratio: 5:1
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