Wednesday, January 9, 2013

Chart of the Day - Amazon.Com (AMZN)

 The "Chart of the Day" is Amazon.Com (AMZN), which showed up on Monday's Barchart "All-Time High" and ""Gap Up" lists. Amazon on Monday posted a new all-time high of $269.73 and closed +3.59%. TrendSpotter turned long last Thursday at $257.31. Amazon on Monday rallied on Morgan Stanley's upgrade in Amazon to Overweight from Equal Weight due to Morgan Stanley's belief that Amazon's fulfillment network is underappreciated and will allow the stock price to rally and to drive international opportunities. Amazon.com, with a market cap of $117 billion, is the world's largest online retailer.

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