Stock Chart Analysis EBAY

Posted by downtowntrader | 8/01/2007 11:00:00 PM | 0 comments »

Stock Chart Analysis EBAY

eBay Inc. (Public, NASDAQ:EBAY)

The Nasdaq 100 have been stronger then the general markets for the past couple of months, and has been holding up better throughout this correction as well. I was looking through component stocks tonight and thought that EBAY was looking interesting again. I mentioned EBAY last time it was attempting to test this long term trend line and it has basically been trading sideways since then. It's interesting how EBAY has held up fairly well, and how the moving averages are starting to align themselves in an uptrend. EBAY would look very attractive to me if it can clear the $35 area.

Good Trading,


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