EBAY INCORPORATED
(EBAY -Nasdaq):
Technical Viewpoint: From a low
of $66.21 on Feb 25, 2004 prices
rallied, reaching a
high of $72.04
on Mar 8, 2004. A
decline saw prices pull back, reaching a
low of
$64.79 on Mar 23, 2004.
Another rally saw prices penetrate
resistance, closing 4/1/04
at $72.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 31, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $69.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 30, 2004. A P&F upside
reversal takes place at $69.75. Summary: Technical indicators have turned bullish. BUY! EBAY INCORPORATED
(EBAY -Nasdaq) @ $72.38 Stop: Use a protective stop of $69.88.
EBAY INCORPORATED is currently trading @ $72.25 plus $2.97 on Apr 1, 2004. Price Objective:
$86.25. Risk/Reward: $2.50 VS. $13.88. Today's Risk Reward Ratio: 5:1
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