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Ebay Inc (EBAY) Breaks Through Resistance at $38.30

By Shiri Gupta

Shares of Ebay Inc (NASDAQ:EBAY) have bullishly opened above the pivot of $37.99 today and have reached the first resistance level of $38.30. Analysts will be watching for a cross of the next upside pivot targets of $38.51 and $39.03.

Over the past year, Ebay Inc has traded in a range of $22.30 to $123.47 and is now at $38.28, 72% above that low. 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.

Potential upside of 26.2% exists for Ebay Inc, based on a current level of $38.28 and analysts' average consensus price target of $48.29. 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.

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