Sunday, October 15, 2017 4:37 PM EDT
In spite of about a month’s worth of strength, Amazon’s long-term bearish pattern still remains intact. Their earnings come out after the close on October 26th, so unless we’ve broken above the $1017 horizontal, there’s still an opportunity for a major whack-a-doodle-down on AMZN.
Looking at the long-term picture provides a better understanding as to how lofty this critter is. But, hey, with a P/E of only 255, it’s still a bargain, right?
Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...
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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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