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Bullish Moving Average Cross by eBay (EBAY)

By James Quinn

eBay (NASDAQ:EBAY) crossed over its 10-day moving average of $24.11 on a volume of 4.5 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, eBay has traded in a range of $21.51 to $29.83 and is now at $24.82, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

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