Technical Analysis Of EBay And Qihoo

eBay Stock Technical Analysis

Note: This Technical Analysis is Based on Closing Price as on February 6th. For eBay Technical Charts see here.

eBay (NASDAQ:EBAY) stock price has recently broken above the 100 day moving average line. Continuing the rising trend, the stock price is testing the 20 day moving average line. However, declining volume indicates that eBay stock price may fail the 20 day moving average ‘resistance’ test. MACD is also below the zero centerline, indicating a bearish trend.
EBAY Technical chart
eBay Technical Analysis Chart by amigobulls.com

Qihoo Stock Technical Analysis

Note: This Technical Analysis is Based on Closing Price as on February 6th. For Qihoo Technical Charts see here.

Qihoo (NASDAQ:QIHU) stock price has broken above the 20 day and 50 day moving average line, and is continuing its northward march towards the 100 day moving average line. However, there is likely to be some interruptions in Qihoo stock price upward movement as the RSI indicator indicates that the stock is in overbought territory. Currently the RSI is at 80.21 which is above the overbought threshold of 70. The signal from RSI is also confirmed by Bollinger bands. The stock price has hit the upper Bollinger band, indicating a trend reversal. Contradicting the signals from Bollinger bands and RSI, the MACD is predicting a bullish trend. The MACD line has cut above the zero centerline. However, the signals from RSI and Bollinger bands are strong, hence the stock price is likely to remain below 20 day moving average resistance line.

QIHU Technical chart
Qihoo Technical Analysis Chart by amigobulls.com

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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