eBay (EBAY) NewsBite - EBAY Hits 52-Week High Ahead of Earnings
Posted: Tuesday, October 13, 2009 10:05 AM EDT
By: Market Intelligence Center Staff
eBay (NasdaqNM: EBAY) hit a new 52-Week high of $25.37 so far today. Currently the stock is up $0.44 (1.78%) to $25.22 on 2,946,282 shares traded. Today's high is up $15.31 from a 52-Week Low of $9.91. EBAY has gotten a lift this morning ahead of its third-quarter earnings report next Wednesday. Analysts are expecting EBAY to report a profit of 37 cents per share on revenue of $2.14 billion. EBAY has exceeded analysts' earnings forecasts in each of the past four quarters. eBay stock has been showing support around $24.37 and resistance in the $25.13 range. Technical indicators for the stock are neutral and S&P gives EBAY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on EBAY the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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