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eBay(EBAY - Get Report)
This company brings together buyers and sellers every day on a local, national and international basis through a range of Web sites. This stock is trading up 3.66% at $31.45 in recent trading.
Today's Volume: 18,400,000
Average Volume: 11,167,300
Volume % Change: 123%
Shares of EBAY are advancing smartly to the upside today after the company said its net income soared in the fourth quarter, in large part due to the sale of its remaining investment in Skype and continued success of PayPal.
From a technical standpoint, EBAY is trading right near a big breakout level that will trigger once this stock takes out $32 with high-volume. At last check, the volume is huge today at 18.4 million shares traded so far, which is well above the average volume of 11.1 million shares. Traders should consider long biased trades once EBAY takes out $32 with volume. Target a run back towards $33.30 to $34.50 in the near future if that breakout level gets hit.