BUY! AMAZON.COM INC (AMZN) Nasdaq

  Report No. 1848    Analysis by: Harry Aloof     SEPTEMBER 24, 2003

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$61.13 Risk/Reward:
$2.50 VS. $10.00 Risk/Reward Ratio:
4:1
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