Pursuant to the strong advance that shares in Amazon.com, Inc. have seen recently, profit-taking could prompt a correction move. Investors should open a short trade and target the $ 812.
The company has poor fundamentals for a short-term investment strategy.
According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.
The company is in a robust financial situation considering its net cash and margin position.
Analysts covering this company mostly recommend stock overweighting or purchase.
The tendency within the weekly time frame is positive above the technical support level at 735.44 USD
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 119.16 times its estimated earnings per share for the ongoing year.
Revenue estimates are regularly revised downwards for the current and coming years.
Analysts covering the stock have recently lowered their earnings forecast.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
For the past year, analysts have significantly revised downwards their profit estimates.
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