EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $39.60 on Jun 14, 2012 prices
rallied, reaching a
high of $43.94
on Jun 19, 2012. A
decline saw prices pull back, reaching a
low of
$41.66 on Jun 21, 2012.
Another rally saw prices penetrate
resistance, closing 6/22/12
at $42.80. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 18, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $41.66. Resistance: Is at $43.19.
Point & Figure: Reversed to the upside on Jun 6, 2012. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $42.88 Stop: Use a protective stop of $40.88.
EBAY INC is currently trading @ $42.80 plus $0.97 on Jun 22, 2012. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $12.12. Today's Risk Reward Ratio: 6:1
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