AMAZON.COM INC
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $38.31 on Aug 12, 2003 prices
rallied, reaching a
high of $47.75
on Sep 3, 2003. A
decline saw prices pull back, reaching a
low of
$44.73 on Sep 12, 2003.
Another rally saw prices penetrate
resistance, closing 9/23/03
at $50.44. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Sep 23, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $46.63. Resistance: Is at $52.19.
Point & Figure: Reversed to the upside on Sep 23, 2003. A P&F upside
reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM INC
(AMZN-Nasdaq) @ $51.13 Stop: Use a protective stop of $48.63.
AMAZON.COM INC is currently trading @ $50.44 plus $2.97 on Sep 23, 2003. Price Objective:
$61.13. Risk/Reward: $2.50 VS. $10.00. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.13
Risk/Reward:
$2.50 VS. $10.00
Risk/Reward Ratio:
4:1
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