by Sam Collins | February 24, 2012 1:34 am
eBay (NASDAQ:EBAY) — This online auctioneer is in reality a global commercial platform that is the largest of its kind. It owns Pay-Pal, Bill Me Later, Gmarket, GSI Commerce, Shopping .com and StubHub.
Its fourth-quarter 2011 earnings were considerably above analysts’ estimates. Currently,11 Wall Streetanalysts have a “strong buy” on EBAY, nine are a “buy,” and 13 are a “hold. There is only one who rates the stock “underperform.”
Yesterday, EBAY confirmed a major breakout through a compound top that has taken a full year to form. Heavy accumulation in the past month helped it flash a “golden cross,” a long-term buy signal. The breakout has a trading target of $41.
Source URL: http://investorplace.com/2012/02/trade-of-the-day-ebay-nasdaq-ebay/
Short URL: http://invstplc.com/1nGiDoy
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.