AMAZON upgraded
Tuesday, October 09, 2007
( Yesterday close ) Chart courtesy of stockchart

Shares of Amazon are in focus again after early in the morning Bank of America raised price target of stock to o $105 from previous $90. Yesterday stock breakout one of the biggest resistances that have found in the last weeks, showing that stock is really in a Strong Bull Market. Looking at the daily chart above, we can see that stock has made a strong up movement in the last month, jumping from $70 to more than $95 in a couple of sessions. Even with RSI in Overbought conditions this stock don't stop, for now bulls are controlling very well all movement. Let's see where share price can go today.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 9:28 AM | Permalink


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