April 28, 2011

AMAZON Price Volume Breakout

  • AMAZON Daily chart has given a breakout. 
  • Volume has also spiked above the daily average volume.
  • Week chart was trading in a range of 160 - 190.
  • Price has violated this range. If Week closes and sustains above 190 Amazon will TARGET 215 and above in the coming weeks.
  • Price falling below 190 will be negative for the bulls.

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