Sunday, April 3, 2011

AMZN update 04-04

I last commented on AMZN om March 8.  I commented it was near a bottom (which it achieved a little later).

AMZN is now in an uptrend which should last through about the first 3 weeks of April.  Here is how it looks:

If you own this stock it should be OK to hold a while longer (just keep your stops in place).  Not sure I would buy it at this point as a good portion of the upside may be priced in.  GL traders.  Do your own analysis. 

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