OptionsPlay DailyPlay

The DailyPlay for March 17th is eBay Inc. (EBAY). EBAY is part of the Technology Sector (XLK). XLK is in a bullish trend and made a nice move higher on Monday, March 16th as it tests its $42.04 resistance level on high volume.

eBay Inc. has been in a bullish trend since mid-February with a strong technical score of 8 (out of 10). After bouncing off its $58.74 support level, EBAY is showing signs of positive momentum as it looks to move higher.

We are setting a stop loss at $58.00, as a move below this level will invalidate our analysis.

View this trade idea on $EBAY