Here’s Where I’ll Bid For EBAY

By Nick Santiago of InTheMoneyStocks.com

President & CEO Chief Market Strategist at IntheMoneyStocks.com • Oct 29, 2019 at 2:00 PM EDT

Last week, leading online auction and commerce company, eBay Inc (Nasdaq:EBAY), reported earning that did not excite investors.

Last week, leading online auction and commerce company, eBay Inc (Nasdaq:EBAY), reported earning that did not excite investors. The stock plunged lower on the news cutting sharply below it’s important 200-day moving average. Currently, the stock is trading around the $36.00 level and is being defended at an important retrace area. Should this current support area fail to hold up the next key level would be around the 200-week moving average. That important moving average is now around the $33.75 area. This is the level where I would get interested in owning eBay stock. I will keeping this equity on swing trading radar when it reaches this level.

Disclaimer:

All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.