eBay may rise to 61.00 - 62.20

Our pivot point stands at 53.9.

Our preference

The upside prevails as long as 53.9 is support.

Alternative scenario

Below 53.9, expect 51.8 and 50.7.

Comment

The RSI is above 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 54.9055 and 54.0038).

Supports and resistances

63.4 **

62.2 *

61 **

59.7

55.81 (USD-last)

54.7

53.9 **

51.8 *

50.7 **

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