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Tuesday, September 12, 2023 9:52:26 AM
By: Lucas Downey | September 12, 2023
• Amazon.com (AMZN) shares are cruising higher in 2023, up 70%. Relentless unusual demand for the stock is powering this uptrend.
Amazon Shares Attract Big Money Inflows
Want an edge in trading? Follow the Big Money.
What’s Big Money? Said simply, it’s when a stock rises due to institutional demand. Top stocks tend to attract savvy investors.
You see, fund managers are always looking to bet on the next outperforming stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.
The YTD action tells the story. Each green bar signals unusual increasing volumes in AMZN shares, pushing the stock higher. We believe this to be institutional demand:
Source: www.mapsignals.com
Few stocks have charts this strong. Recent green bars suggest healthy demand. But, what about the fundamental story?
Amazon Fundamental Analysis
Next, I want to make sure the fundamental story is healthy too. As you can see, AMZN has had positive sales and EPS growth in recent years:
• 3-year sales growth rate (+22.9%)
• 3-year EPS growth rate (+9.4%)
Source: FactSet
Marrying great fundamentals with our proprietary Big Money software has found some big winning stocks over the long-term.
Check this out. Amazon has been a top-rated stock at MAPsignals. That means the stock has had buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report numerous times. The blue bars below shows when AMZN was a top pick:
Source: www.mapsignals.com
Tracking unusual volumes reveals the power of the MAPsignals process.
Don’t fight the Big Money!
Amazon Price Prediction
The Amazon rally has been in place all year. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Read Full Story »»»
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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