eBay (EBAY) NewsBite - EBAY Covered In a Lee Allen Report Today

Posted on Thursday, September 18, 2008 10:33 AM

eBay (EBAY) was covered in a Lee Allen Report today and the stock is now at $22.13, up $0.21 (0.96%) on volume of 3,531,380 shares traded. To see the report and Lee's thoughts on "short-sizing" go to http://www.iotogo.com/la91808 . Over the last 52 weeks the stock has ranged from a low of $21.70 to a high of $40.73. eBay stock has been showing support around $21.08 and resistance in the $23.28 range. Technical indicators for the stock are bullish and S&P gives EBAY a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on EBAY the stock seems like it could be a candidate for an April covered call above the 22 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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