EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $61.88 on Nov 11, 2002 prices
rallied, reaching a
high of $70.85
on Dec 2, 2002. A
decline saw prices pull back, reaching a
low of
$66.50 on Dec 27, 2002.
Another rally saw prices penetrate
resistance, closing 1/6/03
at $73.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jan 2, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $71.00. Resistance: Is at $77.56.
Point & Figure: Reversed to the upside on Jan 6, 2003. A P&F upside
reversal takes place at $71.25. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $73.75 Stop: Use a protective stop of $71.25.
EBAY INC is currently trading @ $73.00 plus $3.07 on Jan 6, 2003. Price Objective:
$85.50. Risk/Reward: $2.50 VS. $11.75. Today's Risk Reward Ratio: 5:1
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