eBay may rise to 60.20 - 61.40

Our pivot point stands at 53.

Our preference

The upside prevails as long as 53 is support.

Alternative scenario

The downside breakout of 53 would call for 51.1 and 50.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 54.482 and 53.7912).

Supports and resistances

62.7 **

61.4 *

60.2 **

59

55.92 (USD-last)

53.8

53 **

51.1 *

50 **

Number of asterisks represents the strength of support and resistance levels.