EBay Inc.(EBAY) is still going strong for long-term investors

EBay, Inc. (NASDAQ: EBAY) reported a revenue growth of 6 percent, to $2.2 billion, in the third quarter from the period a year ago, ending a yearlong run of declining sales.

EBay Inc. (EBAY) stock, down 4 percent in after-hours trading to $23.9 on Wednesday after results, is still showing signs of long term bullish pattern, as it has moved further away from its 50 days and 200 days exponential MA.

This is despite the fact that EBay Inc.'s (EBAY) profit fell for a fourth successive quarter, declining by 29 percent, to $350 million, from $492 million in the comparable quarter a year back.