eBay (EBAY) NewsBite - JetBlue Auctions Flights on eBay

Posted on Wednesday, September 10, 2008 1:26 PM

eBay (NasdaqNM: EBAY) hit a new 52-Week low of $22.59 so far today. Currently the stock is up $0.77 (3.39%) to $23.47 on 9,523,676 shares traded. Today's low is down $17.26 from a 52-Week high of $40.73. eBay stock has been showing support around $21.96 and resistance in the $24.16 range. Technical indicators for the stock are bullish and S&P gives EBAY a positive 5 STARS (out of 5) strong buy ranking. JetBlue Airways (JBLU) is auctioning off more than 300 roundtrip flights and six vacation packages this week on eBay, with opening bids set between 5 and 10 cents. If you are looking for a hedged play on EBAY the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

Stocks To Watch Today: C, TIF, RTP, JCG, HLTH, PDLI, TIE, CAJ, EXM, ILMN, HOC (Click Symbol For Latest News)

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