Friday, August 14, 2015

Is Amazon $AMZN About To Collapse?

Amazon.com, Inc. (AMZN) — Shares of this online retailing giant were up as much as 87% at their year-to-date high in late July as fund managers and traders were forced to chase after the few believable single-stock growth stories out there.

But the most recent rally in AMZN stock, which came after the company’s better-than-expected earnings report, looks to have exhausted the bulls and could now offer active investors and traders a short-side trade to profit from a mean-reversion move to the downside. (more)

No comments:

Post a Comment