eBay's most recent trend suggests a bullish bias. One trading opportunity on eBay is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 9.17% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $45.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for eBay is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for eBay is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for eBay
E-Commerce Stocks Face Lofty Hopes After Pandemic-Fueled Demand
Wed, 15 Jul 2020 18:04:54 +0000
(Bloomberg) — E-commerce stocks have been among Wall Street’s standout performers during the pandemic, but the group’s massive share-price gains could be at risk if their results fail to live up to elevated expectations, analysts said.Online retail has seen a surge in demand as the coronavirus shut down brick-and-mortar rivals. As a result, many stocks have doubled, tripled or seen even larger gains since March, when shelter-in-place orders were issued across the U.S. Often, the rally far eclipses the degree to which analysts have been raising their expectations for sales growth.“Many e-commerce companies are now priced for perfection, and while they have this fundamental tailwind, the moves have been based more on momentum than fundamentals,” said Brian Yarbrough, a consumer analyst at Edward Jones, in a phone interview. “People have piled into names that are seen as COVID safety plays, and the advances have been awfully fast and awfully big. I’m not sure how many will be able to justify the moves; you’d have to see very outstanding results for further upside.”Among specific stocks, eBay Inc. is up 120% since a March low, while Shopify Inc. has climbed 195% and Etsy Inc. has more than tripled. Amazon.com Inc. is up about 80% from its own March low, a rally that has added roughly $660 billion to the company’s market capitalization — a gain that is by itself larger than all but five components of the S&P 500.Other names have seen even more pronounced moves, with Wayfair Inc. up more than 800% and Overstock.com’s rally topping 1,500%.For 2020, all have vastly outperformed the S&P 500, as well as retail overall.There’s no dispute that the pandemic has been good for online sales. Bloomberg Intelligence calculated that the penetration of digital U.S. retail sales “could double by 2024,” a trend accelerated by coronavirus-related store closings. Citi also expects online retail will continue to gain share. While total U.S. retail sales “are expected to be only 1% above 2019 levels” in 2022, “e-commerce is expected to increase 43%” while brick-and-mortar retail falls 4%, the firm wrote, citing eMarketer forecasts.Despite that rosy outlook, Citi also cautioned about the rallies in names like Wayfair. Last month, it wrote companies that “benefitted from the shelter in place orders” are the group “that makes us most nervous.” Citi’s biggest question is: “will COVID-19 cause a large enough secular shift in demand to justify the multiple expansion?”Wayfair is scheduled to report second-quarter results in early August. Currently, Wall Street is expecting revenue of $3.87 billion for the home-goods retailer in the quarter, which would translate to year-over-year growth of about 65%. While the consensus has risen nearly 40% over the past three months, according to data compiled by Bloomberg, the ratcheting up of expectations has not kept up with the stock. The average analyst price target for Wayfair is about $186, or 13% below its share price.The average targets for Etsy and eBay are also below the share price. For Amazon, the degree to which the share price exceeds the average target is near a multi-year high.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
EBay Stock Has More Room to Run, Analyst Says. Here’s Why.
Wed, 15 Jul 2020 17:44:00 +0000
EBay has been one of the biggest winners in 2020, as investors flock to e-commerce companies that are benefitting from consumers’ shift to shopping online at home.
3 Growth Stocks I'd Buy Right Now
Wed, 15 Jul 2020 16:36:38 +0000
A long-standing agreement between digital payments name PayPal Holdings (NASDAQ: PYPL) and online auction platform eBay (NASDAQ: EBAY) just ended. As of July 17, eBay is steering users toward a similar (and rival) payments middleman called Adyen. Buyers will still have the option to use their PayPal account as a payment option, but in some ways PayPal is what it is today specifically because of eBay's growth.
eBay Motors Mobile App Launches Escrow and New Chat Features
Wed, 15 Jul 2020 12:01:00 +0000
eBay Motors, one of the world's largest marketplaces for all things automotive, is elevating its user experience with the addition of escrow services and chat features. To give buyers and sellers added security when buying a vehicle and parts and accessories online, eBay has partnered with Escrow.com, the leading provider of secure online payments, to make the services available on eBay Motors and in the eBay Motors App. Additionally, eBay is launching two new chat features within the app allowing auto aficionados to interact with one another and with sellers to discuss vehicles and live listings.
5 Companies Reach 52-Week Highs
Tue, 14 Jul 2020 15:50:48 +0000
Recently, these companies have achieved yearly highs Continue reading…
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