Amazon (AMZN) NewsBite - AMZN Could Be On the Move
Posted: Thursday, November 19, 2009 10:13 AM EDT
By: Market Intelligence Center Staff
Amazon (AMZN) could be on the move today and is now at $129.15, down $2.14 (-1.63%) on volume of 904,538 shares traded. Over the last 52 weeks the stock has ranged from a low of $34.68 to a high of $134.56. AMZN was covered in a Lee Allen report today. To read the report, and see whether the recent stock market rally is too good to be true, go to www.marketintelligencecenter.com/la111909 . Amazon stock has been showing support around $128.86 and resistance in the $132.62 range. Technical indicators for the stock are neutral and S&P gives AMZN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMZN the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 150 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Amazon (AMZN) Stock ReportSee what our analysts have uncovered about Amazon (AMZN).