#EBAY Stock Analysis and Forecast. Last Price $50.14 (-0.50%) 05-30-2014.
Hi mates. I would to talk about #EBAY. In my opinion this stock is oversold and can bring us a good oportunity to buy.
Let´s see the Chart.
Since the 1Q Earnings Report, the stock is moving inside a box, As you can see on the Chart. Actually there´s a good oportunity to buy because the price is just in the lower point of the box.
Supports and Resistances:
S1:49.78 S2:48.05 R1:52.93 R2:54.78
The MACD is moving flat below the signal and below zero.
The RSI is at 35%.
The Stochastic is at 34% very close to the oversold zone. I think will bounce in the next sesions.
The DMI shows us that this stock is oversold too.
In this case is difficult so stablish a buy range. In my opinion we have a good oportunity to buy today.
A valid buy range could be [Actual price;$51.05].
I have established the break point above $52.73.
And the Actual targets are:
Tg1:$51.19 Tg2: $52.3
I recomend to buy this stock and look for the targets.
In my opinion this stock is oversold and it´s probably that will bounce soon above $53.
And that´s all for the moment.
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