[February 01, 2012] Watch for Shares of eBay (EBAY) to Approach Resistance at $32.20 Tweet Feb 01, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of eBay (NASDAQ:EBAY) opened today above their pivot of $31.61 and have already reached the first level of resistance at $31.90. Investors may be interested in a cross of the next upside pivot targets of $32.20 and $32.79. eBay (NASDAQ:EBAY) has potential upside of 19.6% based on a current price of $32.08 and analysts' consensus price target of $38.37. eBay shares have support at the 200-day moving average (MA) of $31.21 and additional support at the 50-day MA of $30.56. In the past 52 weeks, shares of eBay have traded between a low of $26.86 and a high of $35.35 and are now at $32.08, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.11% higher over the past week, respectively. SmarTrend is tracking the current trend status for eBay and will alert subscribers who have EBAY in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]