EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $93.27 on May 12, 2003 prices
rallied, reaching a
high of $103.48
on May 28, 2003. A
decline saw prices pull back, reaching a
low of
$96.21 on Jun 9, 2003.
Another rally saw prices penetrate
resistance, closing 7/1/03
at $106.60. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jun 23, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $101.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 17, 2003. A P&F upside
reversal takes place at $103.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $106.88 Stop: Use a protective stop of $104.13.
EBAY INC is currently trading @ $106.60 plus $2.60 on Jul 1, 2003. Price Objective:
$118.00. Risk/Reward: $2.75 VS. $11.12. Today's Risk Reward Ratio: 4:1
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