eBay Inc.(EBAY) is in an uptrend but could lose its momentum

(28-Apr-2008) (28-Apr-2008) eBay Inc.(EBAY) closed at 31.29, down -0.01 or -0.03 % today. Based on our analysis, eBay Inc.(EBAY) is in an uptrend but could lose its momentum.

The closing price of eBay Inc.(EBAY) is above its 50 day moving average of 29.12 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that eBay Inc.(EBAY) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 14-Apr-2008, about 12 trading days ago.