Amazon.com Inc (NASDAQ: AMZN) Snaps Back Says Market Timer Frank Kollar
April 1, 2009 (FinancialWire) (By Frank Kollar)
Shares of Amazon.com Inc (NASDAQ: AMZN) regained almost all their Monday selloff losses in Tuesday’s March 31 rally.
Amazon.com has been outperforming the market since its November 2008 bear market lows, and while the stock market made a nice 1% gain on Tuesday, Amazon.com rallied 3%.
This strength is expected to power shares to the $80.00 level in coming days. Amazon.com’s prior August 2008 highs, at $88.09 a share, are the target for this advance.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy holds a position in Amazon.com.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
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