Monday, December 21, 2009

Amazon.com (AMZN)

This Internet retailing behemoth has been one of the strongest performers among institutional quality stocks over the last several months. It is in a torrid uptrend that has cooled recently as the stock has drifted back to its 10 MA on rather light volume over the last few weeks.

We have discussed this stock on our sister blog this morning as an important bellwether at an interesting buy point. We invite you to review our comments and consider a position as the stock lifts off of what is ordinarily a key area of support for an uptrending stock.

No comments:

Post a Comment