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Ebay Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Ebay Inc (NASDAQ:EBAY) traded at a new 52-week high today of $41.47. This new high was reached on approximately average trading volume as 7.3 million shares traded hands, while the average 30-day volume is approximately 8.1 million shares.

Ebay Inc share prices have moved between a 52-week high of $41.47 and a 52-week low of $26.01 and are now trading 59% above that low price at $41.47 per share. The 200-day and 50-day moving averages have moved 0.29% higher and 0.29% higher over the past week, respectively.

eBay Inc. is a global commerce company. The Company's platforms are designed to enable sellers worldwide to organize and offer their inventory for sale and buyers to find and buy it. eBay's items can be new or used, plain or luxurious, commonplace or rare, trendy or one-of-a-kind.

There is potential upside of 16.4% for shares of Ebay Inc based on a current price of $41.47 and an average consensus analyst price target of $48.28. The stock should find initial support at its 50-day moving average (MA) of $38.20 and further support at its 200-day MA of $34.24.

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 29.8%. 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 ebay inc

Ticker(s): EBAY