SmarTrend identified an Uptrend for eBay (NASDAQ:EBAY) on July 19th, 2012 at $43.85. In approximately 7 months, eBay has returned 24.51% as of today's recent price of $54.59.

In the past 52 weeks, shares of eBay have traded between a low of $26.86 and a high of $57.26 and are now at $54.59, which is 103% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

eBay Inc. operats an online trading community. The Company's service is used by buyers and sellers for the exchange of products and services such as coins, collectibles, computers, memorabilia, stamps, and toys, as well as concert and sporting tickets. Ebay also offers, through a subsidiary, secure online payment services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of eBay shares.

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