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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Raiders who wrote (36297)1/24/1999 9:56:00 AM
From: Olu Emuleomo  Read Replies (1) | Respond to of 164684
 
then the test of the 50
day moving average at 80- 85 (depending on what chart you use) will happen if it breaks that number then
my prediction of $65 will occur.


Yup, $65 sounds like a plan.
Actually, the current buy range for AMZN is b/w $60 and $80, depending on how bullish you are.
$60 is the 200 day EMA and AMZN has rarely violated its 200 day EMA.
BTW, anybody see how YHOO and BCST bounced off their 50day EMAs??
Amazing!!! I wonder what the 'Random Walk' guys have to say about that!
Even AMZN penetrated it by only 8 points (50 day EMA is $100)

--Olu E.