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Ebay Inc Crosses Below its 10-day MA (EBAY)

By Shiri Gupta

Ebay Inc (NASDAQ:EBAY) shares have crossed bearishly below their 10-day moving average of $40.34 on a volume of 762K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Ebay Inc share prices have moved between a 52-week high of $41.99 and a 52-week low of $26.01 and are now trading 54% above that low price at $39.99 per share. The 200-day and 50-day moving averages have moved 0.85% higher and 0.21% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ebay Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.07. Since that recommendation, shares of Ebay Inc have risen 36.3%. We continue to monitor EBAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ebay inc

Ticker(s): EBAY