AMZN - Sector: Services---Industry: Retail -Catalog & Mail Order-

[Melf Elf]

Down trendline breakout.  Nice First Half 2005 pattern.

[ramlau]

Quite sweet. Last time I was in the stock it was trading much higher. It's almost two years ago from now.

Ram

[ramlau]

I'm quite sure I will just hold till tomorrow's open. Newbies like me love a well-known stock like AMZN.

Ram

[Melf Elf]

It's got a nice looking chart, Ram.  I'll post an updated chart in the AMZN file I started a couple of weeks ago when AMZN had a trendline breakout so that we can keep the charts and comments on one thread.

[Melf Elf]

Updated chart from the trendline breakout two weeks ago:

[Melf Elf]

Nice day for AMZN.  The Bullish Island Reversal target (see chart) 43.38 - 43.59 MADE this afternoon.  High on the day, 43.74. Take profits at targets. 

AMZN currently is BID 43.58...ASK 43.59, up $5.84.

[AustinPowers]

Great job Melf!

[Melf Elf]

Thanks, Austin.  It sure was nice to see AMZN race to that target after watching so many frustrating "false starts," like ECIL, DHB, GIGM, IMOS etc. etc. etc.   

[calven]

Was looking into AMZN earnings numbers and I wasn't impressed AT ALL...

I think AMZN has great potential as a short play...

-Cal

[fill_the_gap]

Valuation way too high.

I went short today on AMZN.  And do not expect to cover for quite some time.
We will see. 

[sebfr]

Hi,

a sell strategy...

News on Zacks.com :
"Investments not paying off" http://www.zacks.com/newsroom/commentary/index_pdf.php?id=3724

Technical analysis :
1. Major downtrend
2. Breakaway gap
3. We have a pullback and it is near 50%retracement and near gap
4. Volume are enough low to say : "it is just a pullback"
5. An ascending triangle is formed

Strategy :
1. Sell now
Close at 31.70
Stop-loss at 33(resistance) or 34 (62%retracement)
first Target : 26
second target : 23
2. Sell when ascending triangle is break
3. Buy on ascending triangle breakout

Reward/risk ratio of 21.9 / 4.1 = 5.34...As it is a great ratio we can increase our stop-loss at 34...

[daiwa]

Possible MinorWave counting. Comments inside in the chart.

[setravis]

"AMZN" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.            
All history on a stock pick in 1 thread is awesome.          

Thank You....and good luck with all your trades....make some $$$   

[setravis]

Amazon Stock Catches Fire !!

Big Gap Up this morning.....Moving in the Pre Market


AMAZON.COM INC (NasdaqGS:AMZN)   

Pre-Market: $85.50  +16.25 or (+23.47%) as of 8:09AM ET on 07/25/07
Volume @ 1,985,239


Yesterday's closing chart.......

[setravis]

Amazon Surge Leads Nasdaq Higher.......

Amazon.com shares surged more than 20% Wednesday, leading the Nasdaq Composite Index higher, while Corning fell as charges pushed its profit down.

Amazon jumped $14.99, or 22%, or $84.20 on the Nasdaq Stock Market as strong sales and its Amazon Prime shipping plan helped boost its second-quarter earnings to $78 million, more than triple its year-ago results. The online retailer issued a full-year revenue forecast of $13.8 billion to $14.3 billion, up from an earlier estimate of $13.4 billion to $14 billion.

A flurry of upgrades followed the earnings announcement. "The last two quarters have marked a dramatic turnaround.



Earnings up last 4 quarters.......

52wk Range: 25.76 - 75.35
Volume: 41,717,447
Avg Vol (3m): 15,160,700

Technicals
Record Price High
Most Actives
Gap Up
Percentage Gainer
Price Gainer

Last Price Quote is:
20.43%above 13-day MA
27.35%above 50-day MA
RS Rating: 98 

Fundamentals
Analyst Upgrade to Peer Perform

Key Data:
Market Cap (M): $29,346.69 
P/E Ratio: 120.80 
PEG Ratio: 2.66403 
Next Earnings: 10/23/2007
Last Analyst Rating: Neutral