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Watch for Ebay Inc to Potentially Pullback After Gaining 1.08% Yesterday

By Amy Schwartz

Ebay Inc (NASDAQ:EBAY) traded in a range yesterday that spanned from a low of $34.30 to a high of $34.85. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $34.42 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Ebay Inc share prices have been bracketed by a low of $22.30 and a high of $123.47 and are now at $34.78, 56% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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 11.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ebay inc

Ticker(s): EBAY