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Bearish Moving Average Cross by Ebay Inc (EBAY)

By David Diaz

Ebay Inc (NASDAQ:EBAY) shares have crossed bearishly below their 10-day moving average of $39.73 on a volume of 807K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Ebay Inc share prices have moved between a 52-week high of $40.86 and a 52-week low of $26.01 and are now trading 51% above that low price at $39.35 per share. The 200-day and 50-day moving averages have moved 0.25% higher and 0.25% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ebay Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.07. Since that recommendation, shares of Ebay Inc have risen 33.1%. We continue to monitor EBAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ebay inc

Ticker(s): EBAY