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Shares of eBay Rise to a New 52-Week High

By Nick Russo

eBay (NASDAQ:EBAY) traded at a new 52-week high today of $36.02. This new high was reached on below average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 12.8 million shares.

In the past 52 weeks, shares of eBay have traded between a low of $21.51 and a high of $36.02 and are now at $35.58, which is 65% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

eBay (NASDAQ:EBAY) defies analysts with a current price ($35.58) 3.2% above its average consensus price target of $34.44. The stock should find initial support at its 200-day moving average (MA) of $26.05 and further support at its 50-day MA of $24.26.

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.

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 15.9%. 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

Ticker(s): EBAY