eBay: The Winning Streak Continues (EBAY)
Shares of eBay (NASDAQ:EBAY) traded at a new 52-week high today of $32.24. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 12.8 million shares.
eBay Inc. operats an online trading community. The Company's service is used by buyers and sellers for the exchange of products and services such as coins, collectibles, computers, memorabilia, stamps, and toys, as well as concert and sporting tickets. Ebay also offers, through a subsidiary, secure online payment services.
In the past 52 weeks, shares of eBay have traded between a low of $21.51 and a high of $32.24 and are now at $32.05, which is 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.
eBay (NASDAQ:EBAY) is currently priced 6.7% above its average consensus analyst price target of $29.90. The stock should discover initial support at its 200-day moving average (MA) of $26.05 and subsequent support at its 50-day MA of $24.26.
SmarTrend recommended that subscribers consider buying shares of eBay on April 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.94. Since that recommendation, shares of eBay have risen 29.0%. 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