Testing Support: eBay Inc. (NASDAQ:EBAY)

by Josh Shares of eBay Inc. ($EBAY) are testing their support level today. Shares have been range bound this year. Trading in the $50 – $58 range. Shares were last at $51.12 on normal volume, 6,128,180 shares.

Shares rallied after again testing support, however the share price failed to fill the July gap down, leaving bearish traders to eye a potential lower high.

Shares are below the 200 and 50 day simple moving average are are falling below the 200 day EMA today.

52 Week Range $45.49-$58.04 Market Cap 66,392,812,242 Average Volume 10,012,460 Dividend Yield 0.00% Institutional Ownership 85.60% Insider Ownership: 10.20% Percentage of Float Short 1.10% Beta 1.42

eBay Inc. EBay Inc is a global commerce platform and payments provider. It enables commerce through three reportable segments: Marketplaces, Payments and GSI.

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