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; https://seekingalpha.com/news/3586415-ebayplus-2-after-landing-upgrade-from-deutsche-bank?source=marketwatch&mod=mw_quote_news
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.