EBAY INC
(EBAY-Nasdaq):
Technical Viewpoint: From a low
of $28.44 on Jan 8, 2001 prices
rallied, reaching a
high of $55.12
on Jan 24, 2001. A
decline saw prices pull back, reaching a
low of
$42.69 on Feb 9, 2001.
Another rally saw prices penetrate
resistance, closing 2/14/01
at $50.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 16, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.50. Resistance: Is at $52.50.
Point & Figure: Reversed to the upside on Feb 12, 2001. A P&F upside
reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! EBAY INC
(EBAY-Nasdaq) @ $51.12 Stop: Use a protective stop of $48.38.
EBAY INC is currently trading @ $50.19 plus $2.75 on Feb 14, 2001. Price Objective:
$63.00. Risk/Reward: $2.75 VS. $11.87. Today's Risk Reward Ratio: 4:1
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