The bullish DailyPlay we chose for Tuesday June 27th is eBay (EBAY). EBAY is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.72% move higher and its 1m and 6m trend has turned neutral and bullish on a pullback providing a good long entry point.
eBay’s 1m and 6m trends turned bullish on 6/19 and recently broke above its $35 resistance level which now becomes support. With a technical score of 8 (out of 10), EBAY is a strong bullish stock that looks to continue higher.
As a stop loss, if EBAY was to trade below $35 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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