StockCall.com Provides Stock Research on eBay Inc., Amazon.com Inc., Liberty Interactive Inc., E-Commerce China Dangdang Inc., and Mercadolibre Inc.
New York City, New York -- (May 15, 2013)
The contribution of e-commerce to total retail sales has been rising globally. In the U.S. alone, total retail e-commerce sales accounted for 5.4% of total retail sales in the fourth quarter of 2012, according to data released by the Commerce Department. The key driver for the growth in e-commerce sales has been rising Internet penetration, especially in countries such as India, China and Brazil. Mobile computing is expected to be another key growth driver for e-commerce companies such as eBay Inc. (NASDAQ: EBAY), Amazon.com Inc. (NASDAQ: AMZN), Liberty Interactive Inc. (NASDAQ: LINTA), E Commerce China Dangdang Inc. (NYSE: DANG), and Mercadolibre Inc. (NASDAQ: MELI). Shares of all five companies edged higher on Tuesday, tracking gains in the broad market, which closed at record high levels. StockCall free coverage on EBAY, AMZN, LINTA, DANG, and MELI is available upon registration at
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Shares of eBay Inc. rose sharply in trading on Tuesday. The stock traded between $55.14 and $56.41 before finishing the day 1.70% higher at $56.27 on volume of 9.23 million. eBay’s shares have seen a series of highs over the past week which is a positive signal. The stock has also crossed its 50-day moving average which further confirms the bullish trend. Year-to-date, the stock has gained more than 10.30% as compared to a gain of more than 15.70% for the S&P 500. Download the free technical research on EBAY by signing up at
www.StockCall.com/EBAY051513.pdf
Shares of Amazon.com Inc. edged higher in yesterday’s trading session, extending their gains from previous trading sessions. The stock closed 1.44% higher at $268.33 on volume of 2.70 million, taking its gains in the last three sessions to over 3.10%. Amazon.com’s shares have crossed above their 50-day moving average this week which is a positive signal. The stock’s MACD has also crossed above the signal line which further confirms the bullish trend. Register now and get access to the free analysis on AMZN at
www.StockCall.com/AMZN051513.pdf
Shares of Liberty Interactive Inc. also edged higher in trading on Tuesday. The stock closed 0.65% higher at $23.37 on volume of 1.79 million, taking its gains in the last three sessions to nearly 1.50%. Liberty Interactive’s shares are currently trading close to their 52-week high of $24.31. The stock has had an excellent run over the past one month, gaining more than 13.10%. Shares of LINTA are also trading well above their 50-day and 200-day moving averages. Sign up and read the complimentary report on LINTA at
www.StockCall.com/LINTA051513.pdf
Shares of E-Commerce China Dangdang Inc. rallied yesterday, extending their gains from previous trading sessions. The stock rose to an intraday high of $5.28 before paring some of the gains to finish the day 11.18% higher at $5.17 on above average volume of 3.95 million. Dangdang’s shares have now gained 15.40% in the last three trading sessions. Year-to-date, the stock is now up more than 24.50%, outperforming the S&P 500. The free report on DANG can be downloaded by signing up now at
www.StockCall.com/DANG051513.pdf
Shares of Mercadolibre Inc. rose on Tuesday; however, the gains were limited. The stock closed 0.59% higher at $119.99 on above average volume of 758,600. The company’s shares are currently trading close to their 52-week high of $124.40. The stock has gained nearly 53% so far in 2013. Shares of MELI are currently facing resistance at around $125. Free report on MELI can be accessed by registering at
www.StockCall.com/MELI051513.pdf
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