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Monday, May 21, 2007 

AMZN and OMTR new 52 week high

Chart courtesy of stockcharts

Another breakout stock OMTR. Shares of Omniture were up 0.79$ or 4.13% to 19.92$ a new 52 high week high at 21$, trading more than 2 million shares. Keep an eye on OMTR.

Chart courtesy of stockcharts

Amazon shares were up $5 or nearly 8% today to a new 52 week high at 68.68$ followed by a strong volume and breaking out an important resistance at 63.85$. Stcok is now in a breakout mode and the chart suggests a strong confidence in Amazon stock. The main reason behind this movements are directly related with the strong earnings reported in April by Amanzon.
Stcok still in a Bull Market with 50 dma above 200 dma.

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.

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


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About Me

  • 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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