|New Threads Only:|
|New Threads & Replies:|
Forum List » Value Ideas and Strategies|
Share and discuss value investing ideas and investing strategies.
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,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.