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Great Buy Level on Amazon.com, Inc. Emerging
Posted by: inthemoneystock (IP Logged)
Date: April 28, 2014 12:58PM
Amazon.com, Inc. (NASDAQ:AMZN) is tanking lower again, trading at $289.00 -14.83 (-4.88%). Just last Thursday, after the market closed, Amazon reported earnings that missed estimates. Their margins shrunk again as well. Investors ran for cover. While a lot of panic is being seen in Amazon, it is inching near a buy level. If you analyze the chart, there is a key level at $280.00. This level represents major support and a near term swing trading opportunity.
Stocks Discussed: AMZN,