Should I buy Amazon?
Hubert Senters 1/19/2012
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AMZN went on the watch list yesterday. It is definitely a buy. It is still in a long term uptrend. There was a Darvas box breakout and there is a squeeze with the momentum crossing to the high side. The TTM Trend is also blue. All of these are good long signals. The target is about 199 or 209 and stops are at 175 or 160 depending on how much of a stop you like. There is a free webinar Thursday at 8:00pm EST talking about risk and what to trade and when.
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