Since mid-June, eBay, Inc. (EBAY) stock has fallen nearly 10 percent to test its 50 day moving average and near-term (6 month) uptrend support line. With the MACD indicator flashing warning signs and RSI weakening, EBAY will need to recover quickly to right its technical ship.
Note that a slip below the uptrend line will likely open the doors for a test of the longer term trend line (see Weekly chart below).
eBay (EBAY) stock charts with support and resistance levels as of July 8, 2012. Â Retail sector. eBay stock ticker is EBAY.Â
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