Chartology: EBAY Sitting On Critical Near Term Support

Stock ChartsSince mid-June, eBay, Inc. (EBAY) stock has fallen nearly 10 percent to test its 50 day moving average and near-term (6 month) uptrend support line. With the MACD indicator flashing warning signs and RSI weakening, EBAY will need to recover quickly to right its technical ship.

Note that a slip below the uptrend line will likely open the doors for a test of the longer term trend line (see Weekly chart below).

ebay, ebay bid, ebay prices

 ebay stock, ebay chart

eBay (EBAY) stock charts with support and resistance levels as of July 8, 2012.  Retail sector. eBay stock ticker is EBAY. 

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Twitter:  @andrewnyquist and @seeitmarket     Facebook:  See It Market

No position in any of the securities mentioned at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.

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