• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed

EBAY STOCK RISES ABOVE MA5 ON RATING UPGRADE -

26-Jun
20:51 IST

EBay Inc.’s stock is currently trading at 50.69-higher by 2.61% as compared to the previous closing price. In the pre-market trading session, the stock was trading higher by 2.15%. The stock has continued gaining after the opening bell.

Deutsche Bank upgraded the online marketplace’s stock to buy from hold. The financial services company also hikes the price target of eBay to $57 per share from $42 a share. Deutsche Bank upgraded the stock of eBay as it expects further appreciation for the share as consumers flock to online shopping. The financial services company further said that the online marketplace’s stocks have appreciated materially since the lows in March on the back of strong core Marketplace growth.

An expectation that Classifieds transaction value could come in at the high-end of the estimates also lifted the stocks of eBay. The investment bank expects there is a scope for further appreciation over the mid-term as the Deutsche survey shows new customers on the platform have had a positive experience. The investment bank expects the online marketplace to top second-quarter results based on strong responses. Stocks of the eBay have rallied about 39% Year-to-date.

On the technical front, the RSI is currently at 71.23% and suggests that the market can move in the upward direction. The current price is above the MA5. The %K has crossed the %D from below to the upside at around 53% and suggests that the market can move in the upward direction.

Overall Bias is Positive and short-term trades can be initiated with tight Stop Loss and Profit targets.

 

TRADE SUGGESTION- LIMIT BUY AT 50.65 TAKE PROFIT AT 51.25 STOP LOSS AT 50.35

Leave a Reply

Your email address will not be published.

09-Jun
20:20 IST

EBay Inc.’s stock is currently trading at 49.45-higher by 1.44% as compared to the previous closing price. In the pre-market trading session, the stock was trading lower by 0.68%. The stock has pared all of its earlier losses and turned positive after the opening bell.

Wells Fargo upgraded the online marketplace’s stock to equal-weight from underweight. The financial services company also hikes the price target of eBay to $50 per share from $32 a share. Wells Fargo said that a review of Omni-channel retailer commentary and the company’s upward second-quarter guidance revision last week signal continued strength in online commerce from March into April and May, despite brick and mortar retailers beginning to reopen.

The financial services company expects strong digital demand appears likely to persist over at least near to midterm. Wells Fargo, however, remains cautious on the California-based company’s longer-range growth potential.  Stocks of the eBay have rallied about 37% Year-to-date.

On the technical front, the RSI is currently at 83.06% and suggests that the market can move in the upward direction. The current price is above the MA5. The %K has crossed the %D from above to the downside at around 91% and suggests that the market can move in the downward direction.

Overall Bias is Positive and short-term trades can be initiated with tight Stop Loss and Profit targets.

 

TRADE SUGGESTION- LIMIT BUY AT 49.40 TAKE PROFIT AT 50.00 STOP LOSS AT 49.10

Leave a Reply

Your email address will not be published.

06-Apr
20:34 IST

EBay Inc.’s stock is currently trading at 30.59-higher by 4.01% as compared to the previous closing price. In the pre-market trading session, the stock was trading higher by 5%. The stock has pared some of its gains after the opening bell.

Guggenheim upgraded the online marketplace’s stock to buy from neutral with a $36 per share price target. The firm sees the California-based company as an increasingly defensive and relatively safe name in the retail group. Guggenheim expects potential upcoming catalysts for the online marketplace that include a potential $10billion monetization of its Classified business, small business expansion and the possibility for a strong hire to fill its Chief Executive position.

The California-based company forecast first-quarter revenue below the market expectation in its earnings call in January. eBay is scheduled to report its first-quarter earnings on 28th April. Stocks of the e-commerce company have fallen about 15% Year-to-date.

On the technical front, the RSI is currently at 46.08% and suggests that the market can move in the upward direction. The current price is above the MA5. The %K has crossed the %D from below to the upside at around 40% and suggests that the market can move in the upward direction.

Overall Bias is Positive and short-term trades can be initiated with tight Stop Loss and Profit targets.

 

TRADE SUGGESTION- LIMIT BUY AT 30.57 TAKE PROFIT AT 31.07 STOP LOSS AT 30.32

Leave a Reply

Your email address will not be published.

Hi Please share contact detail & write any comments below, our team will try to call soon.