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Old 02-16-2017, 10:39 AM   Nav to Top  #1
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Default $AMZN Nears Breakout, Checkout The Chart

Shares of Amazon, Inc. (NASDAQ:AMZN) are hammering into a quadruple top resistance point. The key breakout is any stock price close above $850.00. Should this happen, the stock will likely jump to $1,000 per share at which point Amazon will likely do a stock split, getting the share price more in line with Apple Inc (AAPL). While the P/E of Amazon is insane, it has never been an issue for investors. Amazon is a king among retail. The trade here is to stay neutral or bearish unless the stock price closes above $850. If it does, go bullish.

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