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eBay: 52-Week High Recently Eclipsed (EBAY)

By Amy Schwartz

Shares of eBay (NASDAQ:EBAY) traded today at $36.13, breaking its 52-week high. This new high was reached on below average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 12.8 million shares.

eBay (NASDAQ:EBAY) defies analysts with a current price ($35.99) 4.3% above its average consensus price target of $34.44. The stock should discover initial support at its 200-day moving average (MA) of $26.05 and subsequent support at its 50-day MA of $24.26.

eBay Inc. operats an online trading community. The Company's service is used by buyers and sellers for the exchange of products and services such as coins, collectibles, computers, memorabilia, stamps, and toys, as well as concert and sporting tickets. Ebay also offers, through a subsidiary, secure online payment services.

In the past 52 weeks, eBay share prices have been bracketed by a low of $21.51 and a high of $36.13 and are now at $35.99, 67% above that low price. The 200-day and 50-day moving averages have moved 0.32% lower and 0.02% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of eBay on January 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.47. Since that recommendation, shares of eBay have risen 17.4%. We continue to monitor EBAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows

Ticker(s): EBAY