Ebay Shares Inch Up As Results Beat Estimates


Yesterday, the Ebay Inc. released its Q1 2016 earnings per share of $0.47, beating analyst’s expectation of $0.45. Revenues came in $2.137 billion, up about 4% from the reading of $2.061 billion in the same period last year. On the hourly chart, the eBay’s stock is facing upward pressure from the parabolic SAR band below. However, ADX (14) is down to 14.4810, confirming no clear trend. The stock .EBAY is expected to rise slightly then drop again.

Trade suggestion

Sell at 24.22, Stop Loss at 24.38, Take profit at 23.95

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