eBay (EBAY) NewsBite - EBAY Is On the Move
Posted: Thursday, November 19, 2009 10:42 AM EDT
By: Market Intelligence Center Staff
eBay (EBAY) appears to be on the move today and is now at $23.06, down $0.13 (-0.56%) on volume of 1,720,955 shares traded. Over the last 52 weeks the stock has ranged from a low of $9.91 to a high of $25.80. EBAY was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la111909 . eBay stock has been showing support around $22.82 and resistance in the $23.76 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 bear-call credit spread above the 26 range. [ABR-Seven Summits Strategic Investments NewsBite]
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