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We have a very good cup with handle chart here,
Fletch :>)
https://c.stockcharts.com/c-sc/sc?s=AMZN&p=D&yr=1&mn=3&dy=0&i=p59700279908&r=1562779926106
It's a formation I love and look for,
Fletch
https://www.investopedia.com/terms/c/cupandhandle.asp
Hey Nightdaytrader,
A split would be OK with me. Very glad I found this a few years ago. Your right on being expensive with a PE of 80 + . Most gaps fill but look at the one just under $112!
Best wishes,
Fletch
Hey cabel,
You can clearly see no gap on the chart........If you look at stockcharts and put it in "inspect" next to update, you can see the crosshairs for yourself. May 11 high was .665 with the next day on May 12 low was 66.1. No gap by .004,
Fletch
You better cover quick. ..... Like very.....very....quick...
go AVXL,
Fletch ;>)
PS......Too LATE!
Been holding MELI for a few years now.........
Fletch
Edit: Maybe buy when and if gap fills.........
MercadoLibre beats Street 1Q forecasts
Associated Press Associated PressMay 4, 2017, 5:01 PMComment
BUENOS AIRES, Argentina (AP) _ MercadoLibre SA (MELI) on Thursday reported first-quarter earnings of $48.5 million.
On a per-share basis, the Buenos Aires, Argentina-based company said it had net income of $1.10.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The operator of an online marketplace and payments system in Latin America posted revenue of $273.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $243.1 million.
MercadoLibre shares have increased 51 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $236.51, a rise of 90 percent in the last 12 months.
https://finance.yahoo.com/news/mercadolibre-beats-street-1q-forecasts-210121317.html
More upside possible,
Fletch
Big gaps beinng left in the dust........
Universal Soars 24%: Better Believe, Say Bulls, But Bears Balk
Barrons.com Barrons.comMay 5, 2017, 12:49 PM
Shares of Universal Display (OLED) are up $21.50, or 24%, at $111.35, adding to last night’s after-hours gains, after it handily beat Q1 expectation and raised its year outlook, citing "momentum" for products that use its organic light-emitting diode (OLED) display technology. OLED technology has steadily been working its way into the smartphone world and the television set world, as a replacement for the longstanding “liquid-crystal,” or LCD, technology. It shows up in the “Galaxy S8” phone introduced by Samsung Electronics (005930KS), which is, incidentally, Universal’s largest customer.
read more at:
http://www.barrons.com/articles/universal-soars-20-better-believe-say-bulls-but-bears-balk-1494002802?mod=yahoobarrons&ru=yahoo&yptr=yahoo
Apple launches updated 9.7-inch iPad for $329, red iPhone 7 and iPhone 7 Plus and Clips app
http://www.cnbc.com/2017/03/21/new-apple-products.html