American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

eBay rallies - Analysis - 25-05-2016

Economies.com
2016-05-25 12:54PM UTC

eBay's stock surged in the intraday levels, scoring a profit of 2.51% in the last session, or 0.59 points, as the stock tries to correct the main downward medium-term trend, while being hurt by exiting an ascending price channel that limited its previous short-term movements, touching eventually the resistance of the SMA for the last 50 days period, as relative power indicators reached extremely overbought levels compared to the stock's own upward movement. 

 

Therefore we expect the stock to return lower in the coming trading, targeting the support of 22.88. 

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