34 0 0
Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson, believes eBay             is a buy as well, but because of the technicals and because Carl Icahn has invested in the company.

"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 bullish flag 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."
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out