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Ebay Inc Rises 1.26% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Ebay Inc (NASDAQ:EBAY) traded in a range yesterday that spanned from a low of $42.13 to a high of $42.49. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $42.44 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ebay Inc share prices have moved between a 52-week high of $42.49 and a 52-week low of $26.02 and are now trading 64% above that low price at $42.66 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

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: rebounders ebay inc

Ticker(s): EBAY