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eBay Bullish Moving Average Crossover Alert (EBAY)

By David Diaz

eBay (NASDAQ:EBAY) crossed over its 10-day moving average of $24.87 on a volume of 7.8 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.

eBay share prices have moved between a 52-week high of $29.83 and a 52-week low of $21.51 and are now trading 22% above that low price at $26.18 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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