EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $63.94 on Feb 10, 1999 prices
rallied, reaching a
high of $177 3/8
on Mar 9, 1999. A
decline saw prices pull back, reaching a
low of
$132 1/2 on Mar 31, 1999.
Another rally saw prices penetrate
resistance, closing 4/15/99
at $178 7/8. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Apr 8, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $165.00. Resistance: Is at $183.00.
Point & Figure: Reversed to the upside on Apr 15, 1999. A P&F upside
reversal takes place at $168.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $182 1/8 Stop: Use a protective stop of $178 1/2.
EBAY INC is currently trading @ $178 7/8 plus $16.00 on Apr 16, 1999. Price Objective:
$210.00. Risk/Reward: $3 5/8 VS. $27 7/8. Today's Risk Reward Ratio: 8:1
|
Click here to view full size chart
|