• nymets21443

Amazon Starting To Emerge

Amazon.com, $AMZN, is starting to emerge from a base. I am taking a position for a swing trade with a stop loss below the 50-day moving average. I really like the way Amazon has been consolidating over the past five weeks. It is a little extended from the 200-day moving average, but the market has been really strong the last few four months and sometimes leading stocks don't pullback. Many traders wind up waiting for a pullback that never comes and miss the potential that comes with being in a dominant leader like Amazon.



Full Disclosure: Amazon is a stock I currently own.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.