Just before the close, I bought EBAY @$14.02. Prior to that, I also bought FDO @ $33.27, GOOG @ $367.75, and AMZN @ $77.75.
I think these names are starting to show signs of longer term money behind them, as evidenced by the changes in multiple moving averages.
Case in point, if you throw up charts of these and impose a set of 3,5,10,12,15 day MA’s and also a set of 30, 35, 40, 45, 50, 60 day MAs, you’ll see what I mean.
The ordering and expansion of the longer term MA’s, along with the crossover of the shorter term averages and expansion of those averages is a good sign for bulls.
Discuss amongst yourselves…..
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