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Ebay Inc (EBAY) Breaks Through Resistance at $31.88

By Shiri Gupta

Ebay Inc (NASDAQ:EBAY) has opened bullishly above the pivot of $31.32 today and has reached the first level of resistance at $31.88. Should the shares continue to rise, the resistance pivots of $32.37 and $33.42 will be of interest.

In the past 52 weeks, Ebay Inc share prices have been bracketed by a current low of $0.00 and a high of $123.47 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.3%.

Ebay Inc has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $48.28. The stock should find initial resistance at its 50-day moving average (MA) of $33.77 and further resistance at its 200-day MA of $38.02.

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: pivot alerts ebay inc

Ticker(s): EBAY