eBay Inc

We have chosen to mention EBAY today because it has broken above the resistance of its 50 DMA. As you can see from the chart below, the bulls have had a difficult time pushing the price higher since it fell below the moving average in mid April. Even though it has surpassed the resistance today, many traders will look at mid April's trading to suggest that it may easily head back below the moving average in the short term. Technical traders will wait for several closes above the trendline to confirm a longer-term shift in trend.