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eBay Crosses Above its 10-day MA (EBAY)

By Shiri Gupta

eBay (NASDAQ:EBAY) shares have crossed bullishly above their 10-day moving average of $34.09 on a volume of 2.8 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 $34.87 and are now at $34.83, 62% 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 11.1%. 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