eBay Inc (NASDAQ: EBAY) reported earnings last Wednesday, July 20, after the bell and continued on its recent journey up to close at $30.49 on Friday, a 36% increase in less than a month! $EBAY is very overbought on all timeframes and is hitting significant resistance at the upsloping trend line you see on the daily chart below. For all you Gann enthusiasts, it is also hitting a critical Gann level here. I would be very surprised to see $EBAY go much higher without a decent pull back first. Note,$EBAY is now at all-time highs. I've found you need to be very careful making trades at all-time highs or lows because there is no previous data in the area to base things on. For this reason, I may wait until I see a topping signal before I short $EBAY, but if I do decide to enter a short here at $30.50 or higher, I would risk about a $1.50, meaning I would exit the trade, at a loss, at a daily chart close above $32. Downside target is at the moving averages around $25. 

Caralee Carlson