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Bullish Moving Average Cross by Ebay Inc (EBAY)

By Shiri Gupta

Ebay Inc (NASDAQ:EBAY) crossed over its 10-day moving average of $37.84 on a volume of 677K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Ebay Inc share prices have moved between a 52-week high of $46.99 and a 52-week low of $26.01 and are now trading 47% above that low price at $38.16 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Ebay Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.07. Since that recommendation, shares of Ebay Inc have risen 25.0%. We continue to monitor EBAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ebay inc

Ticker(s): EBAY