10.4 C
New York
Friday, May 10, 2024
HomeMarkets
Markets

Profit Taking In Amazon After Q1 Beat

By Insider Scoop
0
9
psw-placeholder
psw-placeholder

Courtesy of Benzinga.

Amazon.com, Inc. (NASDAQ: AMZN) shares are trading higher by $58 at $660 in Friday’s session. The catalyst for the monster rally is a Q1 EPS beat of $0.49 with a revenue beat of over $1B.

The panic buying in the after hours and premarket session pushed the issue all the way to $682.80 before cooler heads prevailed in the regular session.

After a higher open, it continued to rally but found sellers just ahead of the round number at $670, peaking at $669.98 and reversing course.

The ensuing decline has been slow and steady. So far, it has found intraday support at $654 and is attempting to remain in the $660 handle.

Posted-In: Technicals Intraday Update Movers Trading Ideas

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,240FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x