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eBay Bullish Moving Average Crossover Alert (EBAY)

By Amy Schwartz

eBay (NASDAQ:EBAY) shares have crossed bullishly above their 10-day moving average of $34.12 on a volume of 1.7 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.

Over the past year, eBay has traded in a range of $21.51 to $34.74 and is now at $34.24, 59% 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 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 11.7%. We continue to monitor EBAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): EBAY