eBay (EBAY) Stock is the 'Chart of the Day'

NEW YORK (TheStreet) -- eBay (EBAY) shares are down 0.63% to $61.61 in trading on Wednesday although the online commerce marketplace is the subject of today's Trifecta Stocks 'Chart of the Day' analysis.

The company recently made comments about its planned expansion into Latin America as it sees the region as an untapped market.

"Early on, we set on Latin America given its economics and demographics. It's a rising middle class, which gives rise to more purchase power so that's an interesting consumer base for us," said Sylvie De Wever, senior director of geographic expansion and eBay Latin America. 

TheStreet has further coverage of the company's expansion plans here.

Insight from TheStreet's Research Team:

Bryan Ashenberg and Bob Lang have identified eBay as theTrifectaStocks.com Chart of the Day. Here is what Ashenberg and Lang had to say about the stock's chart:

EBay is one of those dinosaur survivors from the dotcom era, thriving and surviving through some turbulent times.

Today we have more competition for online e-commerce companies from the likes of Amazon (AMZN), Alibaba (BABA), and even Facebook (FB), Apple (AAPL) and Google (GOOGL). Apple, Facebook and Google are all holdings in Jim Cramer's Charitable trust, Action Alerts PLUS, and Amazon is a holding of TheStreet's Growth Seeker portfolio, which is managed by Bryan Ashenberg.

If you liked this article you might like

How to Eat Lunch With Billionaire Warren Buffett

Former Macy's Herald Square Employees Sue Alleging Racial Profiling of Customers

Hewlett Packard Enterprise's Meg Whitman Joins Dropbox

EBay Is Breaking Out All Over

PayPal Owns a Millennial-Friendly Business That Might Send Its Stock Soaring