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inthemoneystock (< 20)

Great Buy Level on Amazon.com, Inc. Emerging

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April 28, 2014 – Comments (1) | RELATED TICKERS: AMZN

Amazon.com, Inc. (NASDAQ:AMZN) is tanking lower again, trading at $289.00 -14.83 (-4.88%). Just last Thursday, after the market closed, Amazon reported earnings that missed estimates. Their margins shrunk again as well. Investors ran for cover. While a lot of panic is being seen in Amazon, it is inching near a buy level. If you analyze the chart, there is a key level at $280.00. This level represents major support and a near term swing trading opportunity.

 

Gareth Soloway

InTheMoneyStocks.com

 

 

1 Comments – Post Your Own

#1) On April 28, 2014 at 6:37 PM, jargonific (< 20) wrote:

As I write NBR is reporting that Pfizer is working on lowering their taxes through the purchase of Astrozenica. So they are working on idea that 27% is high. As US taxpayers... but look at Amazon's tax rate.

 Do you think that Etrade's info. is correct where they report that AMZN's ETR = Effective Tax Rate is  46.34%.

 There has not been much in the news lately about Amazon customer's return to paying taxes, which may well be part of their problem as to the numbers right now. 

 

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