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Shares of eBay Inc. (EBAY) May Continue to Fall
Shares of EBAY touched the 50-day moving average from below but failed to traverse above the widely
watched resistance line of $21.09. If the stock stays below the critical 50-day moving average, then
investors may continue to sell the shares in anticipation of a downward price move.
Shares of eBay Inc. closed at $21.04 in the previous trading session and opened today at $21.09.
EBAY is currently trading at $20.77, down $0.27 (-1.28%) in today's trading session.
The shares of the stock are trading between $20.55 and $21.20. Today's price shift was accompanied by a volume of 11,882,001 shares which
is less than the average volume of 18,878,800 shares.
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