By Tim - http://stockstobuy.org
The following is technical analysis on Amazon.com Inc. (AMZN) stock for September 21, 2010
Amazon.com Inc. (AMZN) Support & Resistance Levels - 9/21/10
Resistance Levels: $160
Support Levels: $123
http://stockcharts.com - Chart
Amazon.com Inc. (AMZN) is hitting a new 52 week high today and is trading at a very expensive multiple. Amazon.com Inc. has a forward P/E of 43 and now sports a 68.15 Billion market cap! As for Amazon.com stock, it hit $100 after last quarters earnings and has been up ever since. While I cannot offer a buy rating at these levels, if Amazon pulled back below $120, I'd be a buyer.
Resistance Levels: $160
Support Levels: $123
http://stockcharts.com - Chart
Amazon.com Inc. (AMZN) is hitting a new 52 week high today and is trading at a very expensive multiple. Amazon.com Inc. has a forward P/E of 43 and now sports a 68.15 Billion market cap! As for Amazon.com stock, it hit $100 after last quarters earnings and has been up ever since. While I cannot offer a buy rating at these levels, if Amazon pulled back below $120, I'd be a buyer.
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Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
