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January 29, 2013 at 15:37 PM EST
Recent Acquisitions Make for Bullish Trade in Amazon
As this week of earnings chugs along I turn my attention toward Amazon (NASDAQ:AMZN) which reports after the bell today. AMZN opened at $275.35 today a little down from the 52-week high of $284.00 (which was made this past Friday) but still above all the moving averages ranging from the 50-day to the 200-day. Taking a look back at previous earnings I see that AMZN has gone up in price five out of the last eight times and the average historical move on earnings is 8.7%. I think the stock will move at least 8.7%. I want to take ...
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