For today's chart we've chosen to take a look at
eBay Inc. (Nasdaq:
EBAY) because the bulls pushed the price above the resistance of a
triangle pattern. As you can see from the chart below, the stock has been moving sideways for the past year, but the recent price action is suggesting that this story may be changing. We've also added the
Accumulation/Distribution line because today's bullish price action has caused the indicator to break above a descending
trendline. Short-term traders will likely use this move above the trendline to suggest that the stock is under accumulation and that the period of consolidation is coming to an end.
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