Thursday, October 2, 2014

Great Buy Level on Amazon.com, Inc. (NASDAQ:AMZN) Emerging

Amazon.com, Inc. (NASDAQ:AMZN) is tanking lower again, trading at $289.00 -14.83 (-4.88%). Just last Thursday, after the market closed, Amazon reported earnings that missed estimates. Their margins shrunk again as well. Investors ran for cover. While a lot of panic is being seen in Amazon, it is inching near a buy level. If you analyze the chart, there is a key level at $280.00. This level represents major support and a near term swing trading opportunity.

 

Gareth Soloway

InTheMoneyStocks.com

 



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7 Responses for “Great Buy Level on Amazon.com, Inc. (NASDAQ:AMZN) Emerging”

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  3. Nice response in return of this difficulty with firm arguments and describing everything concerning that.

  4. Bezo’s worst nightmare is coming to his backyard SOON = Alibaba’s IPO.

    At is at this critical juncture AMZN announces an entry into the crowded smart phone business, dominated by AAPL, with a long successful track record + $151 Billion in the treasury.
    This new business for AMZN is IMO = Per chance a confirmation of AMZN’s non-profit status = Note Bezos guides us to a LOSS in next Q report.

    Alibaba reportedly had a $2+ Billion PROFIT for the last year. Compare that with AMZN’s which a wit called a rounding error.

    Smart investing to all!

  5. PS

    AMZN tanked 22+% YTD.

    Time to order our parachute from Amazon?

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