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Bullish Moving Average Cross by eBay (EBAY)

By Nick Russo

Today, shares of eBay (NASDAQ:EBAY) have crossed bullishly above their 10-day moving average of $23.65 on a volume of 2.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, eBay share prices have been bracketed by a low of $21.51 and a high of $29.83 and are now at $24.07, 12% above that low price. Over the last five market days, 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

Ticker(s): EBAY