Will eBay Continue Its Monster Run?
C = Catalyst for a Stock’s Movement
EBay was a pioneer in the online marketplace arena and has been very successful at it. The company currently provides platforms, tools, and services to assist individuals and businesses in online commerce. EBay is the company that made e-commerce popular, and it continues to support this trend today. As online shopping continues to attract an increasing number of consumers and businesses, look for eBay to be well-positioned into the future.
T = Technicals on the Stock Chart are Strong
EBay’s long term price chart sees it currently trading near all-time highs. It has not seen these price levels since 2004. Prices have been uptrending since 2008 and look for the trend to continue to all-time highs. It may need a breather here, but on orderly consolidation, this stock can really get moving…