EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $53.30 on Oct 24, 2003 prices
rallied, reaching a
high of $58.57
on Nov 4, 2003. A
decline saw prices pull back, reaching a
low of
$50.63 on Nov 19, 2003.
Another rally saw prices penetrate
resistance, closing 12/18/03
at $60.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 4, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.00. Resistance: Is at $61.50.
Point & Figure: Reversed to the upside on Dec 18, 2003. A P&F upside
reversal takes place at $58.50. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $60.13 Stop: Use a protective stop of $57.63.
EBAY INC is currently trading @ $60.00 plus $2.71 on Dec 18, 2003. Price Objective:
$78.00. Risk/Reward: $2.50 VS. $17.87. Today's Risk Reward Ratio: 7:1
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