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trenchcapital
Oct 14, 2013 2:58 AM

Amazon has gone up and will keep going up Long

Amazon.com, Inc.NASDAQ

Description

This uptrend started in May and has held since.The 50 SMA is serving as support for the price. I believe the stock will return to the support line soon because these last three days the stock has gone up with lowering volume. The parabolic SAR also indicates that the stock is overbought. I would enter this stock at the support trendline. This stock looks promising for the long-term 1+ month.
Comments
timwest
What do you think now?
osci
premarket at 319 usd; earnings next week on 24th october. whats your estimate: will it come down to trendline?
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