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Is The Time Right to Buy eBay Inc (EBAY) Shares?

Since November 2012, eBay Inc (NASDAQ:EBAY) stocks have wavered between an approximate 20% range, which indicates that there has been a relatively stable amount of buying and selling activity. That could be about to change, as there have been some technical indicators that predict there is a great possibility that eBay Inc (NASDAQ:EBAY) shares could rise more than 60% over the next 18 months, as reported by The Street.

EBAY Stock (EBAY)Even though 2014 had some difficulties for eBay Inc (NASDAQ:EBAY), during the fourth quarter, things picked up for the company, allowing it to end the year in an excellent way with mobile continuing to be a major contributor to the company’s volume of commerce.

“In a year of unexpected events and distractions, we ended 2014 with double-digit revenue growth, solid earnings growth and strong cash flow, reflecting the fundamental strengths of our company. PayPal had another strong quarter, finishing an excellent year,” said John Donahoe, president and CEO of eBay Inc.

In the fourth quarter, PayPal’s revenue rose 9%, as it managed to add 5 million users during the holiday season and now has approximately 162 million active users, with eBay Inc (NASDAQ:EBAY) having 155 million active users of its own.

“We are on the right strategic path, and we’re acting decisively and aggressively as we position eBay and PayPal for success. We’re sharpening our strategic focus and streamlining our cost structure and our portfolio, and we’re creating operating agreements that preserve both synergies and strategic flexibility,” John Donahoe stated during the company’s 2014 fourth quarter earnings conference call.

The weekly momentum indicator, Moving Average Convergence Divergence (MACD), seems to be entering a positive territory for eBay Inc (NASDAQ:EBAY) which could denote that this might be the best time to buy eBay shares.

Before this consolidation period, eBay Inc (NASDAQ:EBAY) had another long consolidation from November 2010 to the end of 2011, during which time the stock saw limited long-term movement in either direction. When eBay finally broke out of that range, it shot up over 90% in the following 13 months. The current consolidation range of 27 months looks like its on the edge of another break-out higher, which could be setting up for 60% or greater returns over the next 12 to 18 months.


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