eBay, Amazon.com, Liberty Interactive, E-Commerce China Dangdang, and Mercadolibre Under StockCall's Microscope
LONDON, April 11, 2013 /PRNewswire/ --
According to data from the Commerce department, total retail e-commerce accounted for 5.4% of total retail sales in the fourth quarter of 2012. E-commerce's contribution to total retail sales is expected to rise in the coming years as more and more consumers purchase goods online. With Internet penetration rising across the world, the outlook for e-commerce industry is bullish. E-commerce companies such as eBay Inc. (NASDAQ: EBAY), Amazon.com Inc. (NASDAQ: AMZN), Liberty Interactive Inc. (Interactive Group) (NASDAQ: LINTA), E Commerce China Dangdang Inc. (NYSE: DANG), and Mercadolibre Inc. (NASDAQ: MELI) are also expected to benefit from increasing use of smartphones and tablets. Shares of all five companies rose sharply on Wednesday, tracking gains in the broad market. StockCall has released full comprehensive research on EBAY, AMZN, LINTA, DANG, and MELI and these free technical analyses can be downloaded by signing up at
http://www.stockcall.com/technicalanalysis
eBay Inc.'s shares were among the major gainers yesterday. The stock touched a 52-week high of $57.58 before finishing the day 2.19% higher at $57.30 on volume of 8 million. eBay's shares have gained more than 3.20% this week. Year-to-date, the stock has gained more than 12.30%, outperforming the broad market. The company's shares broke through $57 resistance level on Wednesday, which is a bullish signal. The bullish trend is further confirmed by the stock's MACD chart. Free technical analysis on EBAY available by signing up at
http://www.StockCall.com/EBAY041113.pdf
Shares of Amazon.com Inc. also rose sharply on Wednesday. The stock closed 1.39% higher at $264.77 on volume of 2.32 million. Amazon.com's shares are currently trading 7.01% below their 52-week high. The stock has underperformed the S&P 500 this year, gaining just a little over 5.50%. However, the company's shares moved above their 50-day moving average on Wednesday, which is a bullish signal. The stock's MACD has also crossed above the signal line, further confirming the positive trend. Register today and access the free research on AMZN at
http://www.StockCall.com/AMZN041113.pdf
Liberty Interactive Inc.'s shares edged higher yesterday, extending their gains for the week. The stock ended the day 0.86% higher at $21.17 on above average volume of 3.20 million, taking its gains for the week to nearly 1.80%. The company's shares have gained nearly 7.60% in 2013 so far, underperforming the broad market. However, technical indicators for the stock suggest that market sentiment has turned bullish. Liberty Interactive's shares currently face resistance at around $22. The free report on LINTA can be downloaded by signing up now at
http://www.StockCall.com/LINTA041113.pdf
Shares of E Commerce China Dangdang Inc. edged higher on Wednesday. The stock closed 1.83% higher at $3.90 on above average volume of 816,400 after touching an intra-day high of $4.01. Dangdang's shares have struggled so far in 2013, falling more than 6%. The stock is currently trading below its 50-day and 200-day moving averages. The online company's shares currently face stiff resistance at around $4.20. Free report on DANG can be accessed by registering at
http://www.StockCall.com/DANG041113.pdf
Shares of Mercadolibre Inc. rallied in Wednesday's trading session. The stock closed 2.84% higher at $96.46 after touching an intra-day high of $96.54. Mercadolibre's shares have had an excellent run so far in 2013, gaining nearly 23%. However, the stock faces stiff resistance at around $97.50. Shares of MELI are currently trading well above their 50-day and 200-day moving averages. Register with StockCall and download the research on MELI for free at
http://www.StockCall.com/MELI041113.pdf
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