timwest

AMZN versus AAPL pairs update

NASDAQ:AAPL   Apple Inc
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4
I like to see trendlines break to see if that flushes out the weak holders. What I can see here is that AMZN did clearly break this long term trend and has had plenty of bad news lately. I believe this may be a low risk entry on the long-side with a definable risk (always 3 average daily ranges) and plenty of upside potential. I think AMZN is a reasonable buy here.

By: Technical Tim, Wed, Jan 11, 2012, 3:19PM EST
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Nice job Tim
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timwest Algokid
Thanks! AMZN is still beating AAPL, even with AAPL's earnings announcement leap. That's the power of pairing stocks. I hope you are doing well with your pairs. Cheers. Tim
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AAPL 429.37 +7.71 or <2%, AMZN 194.26 +15.22 or 8% for a 6%+ profit so far...
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Tues, Jan 17, 10:27AM, AAPL 425.34 +3.67 or 0.8%, AMZN 181.21 +2.17 or 1.1%, profit 0.3% so far
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nice analysis ,
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AAPL 421.66 last, AMZN 179.04.... 3:26PM EST
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