Amazon – AMZN
Sunday, September 29, 2019
Last: $1725.45
Based on $1725.45 the forecast PE ratio for 2019 is 72.8. I won’t pretend to know whether that is expensive or not but I do know that the trend has soured. The break below the 200 day moving average [$1775] implies the high likelihood of a bigger fall ahead. In fact, while below $1775 the potential target is $1585.
Disclosure: I do NOT have a position in AMZN
Learn To Trade Like An Expert
Learn how to be a successful trader in my Pro Trader Training Program.
Risk Warning – Trading or investing in stocks, options, futures, currencies or CFDs can offer large potential rewards, but can also involve large potential risk. You must be aware of the risks and be willing to accept them in order to trade in these markets. Do not trade with money you cannot afford to lose. No representation is being made about future results. The past performance of any trading system is not necessarily indicative of future results. Proceed at your own risk, and exercise caution at all times. It is imperative to take appropriate steps to minimize risk through the uncompromising use of stop loss orders.
Testimonials
“My accountant has now joined The Super Investor! Keep up the good work.”
