Ebay is one of those survivors from the “dotcom” era that has thrived during some turbulent times and as competition from other ecommerce companies – Amazon, Alibaba, Apple, and even Facebook and Google – has heated up. Yet Ebay continues to evolve and dominate its space. (It’s worth noting that their PayPal unit is considered the gem, and many analysts expect Ebay to spin off PayPal sooner rather than later.)
From a chart perspective, Ebay’s relative strength is quite notable. We like companies that not only outperform the market but its competitors as well. Recently, the stock powered through tough resistance in the $60 area on some very impressive volume. On Monday, June 1 the stock accelerated with some strong turnover, breaking levels not seen in years. We expect to see this trend continue as the stock makes its way toward $70.
Ebay Chart Analysis
Take a deeper dive into the chart action and learn how to read the technicals as I walk you through Nasdaq: EBAY and my analysis as I mark up our chart of the week.
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About Ebay
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise. The Marketplaces segment operates ecommerce platform, eBay.com; localized sites, including eBay.de and eBay.co.uk; vertical shopping Websites, such as StubHub; and classifieds Websites, such as alaMaula, BilBasen, dba.dk, eBay Classifieds, eBay Kleinanzeigen, eBay Annunci, Gumtree, Kijiji, iBazar, 2dehands.be, 2ememain.be, LoQUo, Marktplaats.nl, and mobile.de, as well as provides advertising services. The Payments segment operates Paypal, which enables individuals and businesses to send and receive payments online and through a range of mobile devices. This segment also provides credit products through PayPal Credit service.
