eBay's most recent trend suggests a bullish bias. One trading opportunity on eBay is a Bull Put Spread using a strike $69.50 short put and a strike $64.50 long put offers a potential 31.93% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $69.50 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $64.50 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for eBay is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for eBay is bullish.
The RSI indicator is at 65.14 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for eBay
Why eBay Gained 15% in June
Tue, 06 Jul 2021 19:23:45 +0000
The online auction and e-commerce company is taking multiple steps toward becoming a better focused and more relevant platform.
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eBay's Stock Is at Record Highs: Can It Go Even Higher?
Fri, 02 Jul 2021 16:00:00 +0000
What's more, customer interest sustained even through economic reopenings in the first quarter of 2021, and eBay reached 187 million active buyers at the end of Q1. Item selection and price savings are the twin pillars that attract buyers to eBay. The organic customer interest during the pandemic allowed eBay to pull back promotional spending.
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