InvestorsHub Logo
Followers 45
Posts 1637
Boards Moderated 1
Alias Born 10/13/2009

Re: None

Monday, 07/31/2017 3:54:33 PM

Monday, July 31, 2017 3:54:33 PM

Post# of 11410
Amazon (AMZN) Confirming Top: Here Is The Targets You Need To Know...

Amazon, Inc.(NASDAQ:AMZN) reported a nasty quarterly miss. Considering their upcoming acquisition of Whole Foods (WFM) and the money that will take, they are not in a good place. The stock sold off only 2.8% on Friday after earnings. However, Amazon is selling another 2.5% today. The second solid sell day off all-time highs confirms a top. This means that Amazon will head lower with only small bounces along the way. The first downside target is $945.00 and the second target is $885.00. The first target on Amazon will have a small bounce once hit, the second target will likely have a large bounce. I personally think Amazon could see the first and second targets hit within weeks.

Gareth Soloway
InTheMoneyStocks
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMZN News