AMAZON.COM INC
(AMZN-Nasdaq):
Technical Viewpoint: From a low
of $122.50 on Aug 31, 2010 prices
rallied, reaching a
high of $161.78
on Oct 17, 2010. A
decline saw prices pull back, reaching a
low of
$ on Sep 29, 2010.
Another rally saw prices penetrate
resistance, closing 10/15/10
at $164.64. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Oct 15, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $157.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 15, 2010. A P&F upside
reversal takes place at $158.00. Summary: Technical indicators have turned bullish. BUY! AMAZON.COM INC
(AMZN-Nasdaq) @ $165.13 Stop: Use a protective stop of $162.38.
AMAZON.COM INC is currently trading @ $164.64 plus $9.11 on Oct 15, 2010. Price Objective:
$190.00. Risk/Reward: $2.75 VS. $24.87. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$190.00
Risk/Reward:
$2.75 VS. $24.87
Risk/Reward Ratio:
9:1
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