EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $50.63 on Nov 19, 2003 prices
rallied, reaching a
high of $57.09
on Dec 1, 2003. A
decline saw prices pull back, reaching a
low of
$54.53 on Dec 10, 2003.
Another rally saw prices penetrate
resistance, closing 12/11/03
at $57.39. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 11, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.00. Resistance: Is at $58.57.
Point & Figure: Reversed to the upside on Dec 11, 2003. A P&F upside
reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $57.63 Stop: Use a protective stop of $55.13.
EBAY INC is currently trading @ $57.39 plus $1.99 on Dec 11, 2003. Price Objective:
$80.00. Risk/Reward: $2.50 VS. $22.37. Today's Risk Reward Ratio: 9:1
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