Could eBay (EBAY Stock) rise towards the 51 level?

AAATrade Team AAATrade

Today’s instrument is the eBay Inc. stock traded on the Nasdaq exchange under the ticker EBAY.

When we look at the EBAY’s chart, we can see that it has been in a downward trend, which seems to reach its bottom at the price of around $41 whereas currently it is traded at around $48.50.

Today, if it will manage to keep its price above its support level at around $46.80-47, then we could see it rising towards its resistance level at around $50-51.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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