eBay's stock declined in the intraday levels after announcing plans to lay off 4% of its work force, sending the stock down 2.01% in the last session, or 1.01 points, settling at 49.16, with trading volumes surpassing 3.4 million shares, below 10-day averages of 4.1 million shares.
Technically, the decline came after the pivotal resistance of 50.82 held on, with negative signals from the RSI while the stock tries to gather momentum to rise anew, amid the dominance of the upward correctional short-term trend, coupled with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 50.82 anew, provided the support of 47.13 holds on.
Expected trend for today: Bullish
Uber's stock rose in the intraday levels after raising its outlook, sending the stock up 5.53% in the last session, or 1.93 points, settling at 36.83, with trading volumes surpassing 109.5 million shares, above 10-day averages of 35.8 million.
Technically, the upward correctional trend dominates in the short term, while trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 40.00, provided it settles above 33.36.
Expected trend for today: Bullish
CVS Health Corporation's stock surged in the intraday levels after expecting more profits and earnings than markets forecast, while announcing a deal to acquire Oak Street Health for $10.6 billion, sending the stock up 3.47% in the last session, or 2.98 points, and settling at 88.96, with trading volumes surpassing 17 million shares, above 10-day averages of 10 million shares.
Technically, the stock rose despite negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to rise and target the resistance of 94.00, provided it settles above 88.42.
Expected trend for today: Bullish
CrowdStrike's stock fell mildly in the intraday levels, after tackling the resistance of the downward short-term trend line, while trading above the 50-day SMA, with positive signals from the RSI after venting off overbought saturation.
Therefore we expect the stock to rise and target the pivotal resistance of 136.25, provided the downward trend line is pierced.
Expected trend for today: Bullish