The bullish DailyPlay we chose for Friday, July 12th is eBay (EBAY). EBAY is part of the Technology Sector (XLK). XLK has rallied 4.65% higher over the past month and its 1m and 6m trend turned bullish on June 7th and just broke above its $80 resistance level.
eBay’s 1m and 6m trend turned bullish on June 7th and recently bounced higher off its $39 support level. With a technical score of 9 (out of 10), EBAY is a strong stock that will likely continue higher.
As a stop loss, if EBAY was to trade below $39 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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