EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $49.25 on May 7, 2002 prices
rallied, reaching a
high of $58.72
on May 23, 2002. A
decline saw prices pull back, reaching a
low of
$52.90 on Jun 5, 2002.
Another rally saw prices penetrate
resistance, closing 6/17/02
at $63.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 15, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.00. Resistance: Is at $69.50.
Point & Figure: Reversed to the upside on Jun 17, 2002. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $63.75 Stop: Use a protective stop of $61.25.
EBAY INC is currently trading @ $63.10 plus $4.06 on Jun 17, 2002. Price Objective:
$82.00. Risk/Reward: $2.50 VS. $18.25. Today's Risk Reward Ratio: 7:1
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