Chart of the Day: EBAY Drifting Higher
Description
Ahead of next week's earnings event, Brett Crowther checks out the chart for eBay (EBAY). On the shorter-term 5-day chart, he highlights a small range between $94-$96 with low trading volume, suggesting a wait-and-see approach from investors. Zooming out to 1-year chart, Brett looks at a range between $87-$101. He notes that shares tested that $87 support level 4 times in the past couple of months. Going back to April, Brett draws an upward channel line that shows an overall drift higher in shares.
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