Bearish Moving Average Cross by eBay (EBAY)
eBay (NASDAQ:EBAY) shares have crossed bearishly below their 10-day moving average of $24.02 on a volume of 1.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of eBay have traded between a low of $21.51 and a high of $29.83 and are now at $23.77, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for eBay and will alert subscribers who have EBAY in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses