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After Yesterday's Rally of 1.22% Shares Could Potentially Pullback

By Nick Russo

Ebay Inc (NASDAQ:EBAY) traded in a range yesterday that spanned from a low of $35.10 to a high of $35.68. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $35.31 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ebay Inc has traded in a range of $22.30 to $123.47 and is now at $35.60, 60% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Ebay Inc and will alert subscribers who have EBAY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ebay inc

Ticker(s): EBAY