eBay Inc.(EBAY) has rising momentum with an uptrend

(28-Mar-2008) (28-Mar-2008) eBay Inc.(EBAY) closed at 30.74, up 1.27 or 4.31 % for the day. Based on our analysis, eBay Inc.(EBAY) has rising momentum with an uptrend.

The closing price of eBay Inc.(EBAY) is above its 50 day moving average of 27.5 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that eBay Inc.(EBAY) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 12-Mar-2008, about 12 trading days ago.