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eBay Inc -
EBAY
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December 13, 2006
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Last Trade
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$32.63
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Volume
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24,800,129
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52-Week High
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$47.86
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52-Week Low
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$22.83
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Commentary:
For today's
chart we've chosen to take a look at eBay because several technical
indicators are suggesting that we could see an increase in upward momentum.
As you can see from the chart below, the 50-day moving average (green line)
has recently crossed above the 200-day moving average (pink line). This
bullish moving average crossover is one of the most common events used by
technical traders to signal the start of a significant uptrend.
Like all technical
signals, it is better if other indicators confirm the direction of a
predicted move. For this reason, we've added the Parabolic SAR, which
triggered a bullish signal today. This is shown by the new dot placed below
the price. The reversal of the dots illustrates the shift in momentum and
is likely to be used by many technical traders as confirmation of the
upward move predicted by the moving averages.
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Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
QQQQ
BJ
ECA
GYI
GYI
QQQQ
GM
WMB
QQQQ
AMZN
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PCAR
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WMT
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