(C) Reuters. eBay Ready to Breakout?
An ascending triangle pattern has formed in the chart of eBay (EBAY). This is considered a bullish pattern. The stock is expected to breakout soon. Read more to learn how to profit from this trade.An ascending triangle pattern has emerged in the chart of eBay Inc. (NASDAQ:EBAY). This is a bullish pattern, which means I’m looking for a breakout.
EBAY operates a leading online eCommerce marketplace that enables consumers to purchase goods globally. eBay has more than 170mn active users. The company also operates Stubhub, Half.com, brands4friends, and a number of classifieds businesses globally.
The company is seeing strong Marketplace growth and strength in its promoted listings advertising offering. Management has undertaken growth initiatives to enhance the seller experience by offering innovative seller tools. The company’s push into mobile should drive growth going forward.
eBay Ready to Breakout?
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