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Shares of Ebay are heading for their best weekly close in history.  The stock is up 3.2% today with the help of an upgrade from Deutsche Bank;

Since the powerful ramp in early June(guidance raised) EBAY has been consolidating above June 4th gap support.  Considering the early June high was 100% above the March lows the stock was due a rest.  We expect more upside as today’s extremely divergent action develops. 

We are long EBAY in some managed accounts.