Amazon – AMZN
Sunday, September 29, 2019
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
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