Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The company: ebay, Inc.
Ticker Symbol: (NASDAQ: EBAY)
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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
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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 on January 13, 2014.
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 preservation is always key!
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.