"I don't know about the job that the CEO is doing," says Ross. "But, I know about the job that Carl Icahn is doing and I think investors are served well to do exactly what he's doing in this case, which is to be a buyer of eBay's stock."
Though eBay was up 65% in 2012, it traded in a slightly downward-sloping trend channel for 2013 and the beginning of 2014. That changed a few weeks ago when Icahn announced his interest in the company. That caused a spike above the trend channel, which Ross says is a pattern that could add another 40% or more to the stock.
"There could be as much as $25 on the upside if my technical work is correct – and, occasionally, it is," says Ross, who gets to a target of an additional $25 because the trend channel it broke from was $25 wide. "I would be a buyer here of eBay just on the chart alone."