The company: ebay, Inc.
Ticker Symbol: EBAY
Sector: Services
Industry: Catalog & Mail Order Houses
eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. Its Marketplaces segment operates ecommerce platform eBay.com; vertical shopping sites, such as StubHub, Fashion, Motors, and Half.com.
Related: Five Star Stock Watch: Netflix
The company’s Payments segment offers payment and settlement services for consumers and merchants on and off eBay Websites and other merchant Websites. This segment operates PayPal, which Bill Me Later, Zong and BillSAFE.
Please take a look at the 1-year chart of Ebay below with added notations:
In the face of an ever rising market, EBAY has mostly traded sideways this year, constantly stalling near $57. From the end of December on the stock has consistently found support around $50, yet last month that $50 level was significantly breached on a very large increase in volume.
Although it is great to see that EBAY has moved back above the key level of $50, the massive decline in volume doesn't add much validity to the move higher. The stock's move from sideways to down may be underway.
Related: Five Star Stock Watch: Google
eBay is set to release earnings
No matter what your strategy, or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital
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