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Ebay Inc (EBAY) Approaches New Downside Target of $33.59

By Nick Russo

Shares of Ebay Inc (NASDAQ:EBAY) have bearishly opened below the pivot of $34.04 today and have reached the first support level of $33.87. Analysts will be watching for a cross of the next downside pivot targets of $33.59 and $33.14.

Ebay Inc (NASDAQ:EBAY) has potential upside of 43.4% based on a current price of $33.68 and analysts' consensus price target of $48.28. The stock should run into initial resistance at its 50-day moving average (MA) of $36.78 and subsequent resistance at its 200-day MA of $38.66.

Ebay Inc share prices have moved between a 52-week high of $123.47 and a 52-week low of $22.30 and are now trading 51% above that low price at $33.68 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ebay Inc on April 26th, 2018 by issuing a Downtrend alert when the shares were trading at $38.58. Since that call, shares of Ebay Inc have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts ebay inc

Ticker(s): EBAY