EBAY INCORPORATED
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $84.34 on Mar 31, 2003 prices
rallied, reaching a
high of $91.41
on Apr 7, 2003. A
decline saw prices pull back, reaching a
low of
$86.51 on Apr 14, 2003.
Another rally saw prices penetrate
resistance, closing 5/2/03
at $95.25. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 1, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $91.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 23, 2003. A P&F upside
reversal takes place at $92.00. Summary: Technical indicators have turned bullish. BUY! EBAY INCORPORATED
(EBAY-Nasdaq) @ $95.50 Stop: Use a protective stop of $92.75.
EBAY INCORPORATED is currently trading @ $95.25 plus $2.54 on May 2, 2003. Price Objective:
$106.00. Risk/Reward: $2.75 VS. $10.50. Today's Risk Reward Ratio: 4:1
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