Hello fellow traders and investors, here's another trade idea. EBAY has recently pulled back to the bottom of the channel and if it makes a recovery to the previous high it offers a 16% ROI.
Technicals: The Macd indicates that it's still in a downtrend The RSI indicates that it's oversold The volume indicates that the selling volume is getting exhausted so we will most likely see a reversal coming.
When To Buy: Now
When To Sell: At the previous high.
Fundamentals: EBAY operates as a commerce company. The company platforms include the online marketplace and its localized counterparts. They have a P/E of 14.53, a P/S of 3.42, a debt/equity of 1.86 which is very bad, sales growth Q/Q of 40%, an EPS growth Q/Q of 44.20%, an ROI of 15.80%, and a short float of 2.70%.
Rating: 90/100 the technicals look amazing but their debt/equity is a little scary so they deserve a 90/100.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed please leave a like, follow, comment your thoughts and share this trade idea. Thanks.
often, a stock price does not respect support and resistance levels nearing an earnings report. I would typically wait for after the earnings to open my position. in the case of ebay, stock did drop to $56 after the earnings!
UnknownUnicorn11084119
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@sebastianpehkaysiang, Earnings had already come out and they were good which acted as another positive catalyst.
ged636
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Thanks for your analysis, yes looks like a great time to buy in!