Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
eBay's stock skidded and retested the support of 38.90, seeking a bottom to bolster it higher anew, amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, countered by negative signals from the RSI after reaching oversold levels.
Therefore we expect the stock to rise as long as the support of 38.90 holds on, targeting the resistance of 40.84.
Expected trend for today: Bullish