EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $132 3/4 on Sep 28, 1999 prices
rallied, reaching a
high of $157 3/8
on Oct 7, 1999. A
decline saw prices pull back, reaching a
low of
$124 1/2 on Oct 18, 1999.
Another rally saw prices penetrate
resistance, closing 10/20/99
at $145 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 20, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $127.00. Resistance: Is at $155.00.
Point & Figure: Reversed to the upside on Oct 20, 1999. A P&F upside
reversal takes place at $130.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $146 1/8 Stop: Use a protective stop of $142 7/8.
EBAY INC is currently trading @ $145 7/8 plus $12 1/4 on Oct 20, 1999. Price Objective:
$215.00. Risk/Reward: $3 1/4 VS. $68 7/8. Today's Risk Reward Ratio: 21:1
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