Top Stock to Buy #2 – eBay Inc. (EBAY)
Online auctioneer eBay Inc. (NASDAQ:EBAY) is really a global commercial platform, and the largest of its kind. It owns PayPal, Bill Me Later, Gmarket, GSI Commerce, Shopping.com and StubHub.
In late November, EBAY broke from a triple-top at $51, and to a new eight-year high following a positive recommendation from Caris & Company and a buy signal from our internal proprietary indicator, the Collins-Bollinger Reversal (CBR). Accumulation is high and MACD is flashing a buy signal.
Buy EBAY for a quick trade to $58. Longer term the stock appears capable of trading in the mid-$60s.