TradersHuddle Scanner - High Volume For eBay | Tech-Corner

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TradersHuddle Scanner - High Volume For eBay

Published on Thursday, 19 January 2012 11:38 Written by Christian Paolinetti

ebay New York, January 19th (TradersHuddle.com) - Unusual high volume detected on shares of eBay Inc. (NASDAQ:EBAY), early in the trading session. eBay is currently trading higher by 4.38%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

eBay Inc. (NASDAQ:EBAY) operates an online auction community. The service is used to buy and sell products and services such as coins, collectibles, computers, memorabilia, stamps and toys, and sporting tickets. eBay also offers, through its subsidiary PayPal, secure online payment services.

eBay has already traded 0.902 times its 3-month average volume, and has calculated support and resistance at $29.55 and $32.00 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 0.49% from its previous trading close, which means that eBay stock is outperforming the overall market.

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