Amazon.com Inc. (NASDAQ: AMZN) stock has been among the top momentum stocks, and it has rewarded investors considerably. The stock moves quickly, and it seems it is overreacting in one way or the other. At the beginning of this month, the stock dropped 10%, having rallied 24% ahead of its earnings report. Interestingly in February, the stock had a 15% correction, and so far, year to date, it’s only 1% up.
Although the prospects for Amazon stock look dim in the near term, it is luster in the long-term based on accomplishments and from a scoreboard perspective. The stock is likely to have a great breakout, and this is the trigger to get in. Amazon recently had two fails, and when bulls breach it, there will be a 500-point runway. Most importantly, the genuine opportunity for the stock is in the scope of its operations.
The e-commerce retail doesn’t have to make a case to prove anything since it has disrupted every segment they have forayed into. Interestingly, Amazon is cheap among mega-caps, and in the coming months, it is worth watching.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life