Amazon: Stock Play of the week

By IBTimes Staff Reporter | January 18 2010 10:41 PM

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Industry: E-Commerce/Products Closing Price: 127.14 P/E: 49.5 Avg. Vol.: 8,908K

Company Profile: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

Chart Setup: Breakdown

Trading Strategy: We'll look to sell short AMZN if it trades under 125.75 Place a stop above 129.65 Target 1: $116.00

SPW Update: DY didn't meet our entry criteria and was invalid.

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