eBay reported earnings after the bell beating top line estimates (see here for presentation). They delivered organic y/y revenue growth of 19 percent, very impressive in such current sluggish macro environment. We’re thinking the market rewards revenue growers.
This stock is in one nice trend, which reflects the company’s steady revenue and profit growth. Very predictable bouts of profit taking before moving higher.
Let’s now see if the stock can take out the January 8th high at $54.20. Chip shot!
(click here if charts are not observable)