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Friday, April 06, 2007 

AMZN - Trade Idea

Chart courtesy of stockcharts

Shares of AMZN up again for the fourth consecutive session. Amazon.com is a company that operates retail Web sites, as well as provides programs that enable third parties to sell products on its Web sites. The technical chart show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up. Now the stock could be prepare to assault the $43.25 mark breaking the resistance.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have a great evening !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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