Amazon Stock History: Is Amazon’s Rally Coming to an End?

Amazon.com Inc (AMZN)Amazon Stock History: Despite the fact that Amazon.com, Inc. (NASDAQ:AMZN)‘s stock has jumped roughly 15% in less than a month, a recent story from Nasdaq’s ChartWatch (via Wyatt Investment Research) has investors wondering if things are going to stay this way for the long term. In layman’s terms, the article is predicting the stock to take a dive in the short term, but it goes on to say that the decline will not last long.

What does this mean to investors? Simply put, the pullback will offer the perfect opportunity to enter a long position with the company. If you take a closer look at the story by the Wyatt Investment Research ChartWatch team, you will see a chart backing up the following:

1) Amazon shares often times reverse course near the 200 day moving average

2) As shares approach $260, history shows that they are due for a pullback

3) A decline appears likely in the near future with a predicted 50 day moving average around $240

Yes, Chartwatch is expecting a decline of roughly 5% over the next few weeks. That being said, not all is lost for investors. Don’t let a sharp decline scare you off. Instead, this is the perfect opportunity for bullish traders to get in on the action at a fantastic entry price.

There are many reasons to keep a close eye on Amazon (AMZN), including its strong tablet sales (Kindle Fire anyone) as well as the increasing popularity of its Appstore.

The online retail giant announced in a recent press release that mobile app downloads have increased 500% over the previous year. Yes, they are still trailing Apple Inc. (NASDAQ:AAPL) but this growth shows great promise for the future.

Other stats from the press release include:

1) The number of GameCircle enabled games available on Kindle Fire has more than doubled since the launch of Kindle Fire HD.

2) Total downloads of the SDKs for In-App Purchasing and GameCircle have more than doubled since the Kindle Fire HD launch and availability of the Kindle Fire HD development resources.

3) The number of developers with In-App Purchasing incorporated in their apps more than doubled in the third quarter of the year (from the start of the quarter to the close of the same quarter).

4) In October, 23 of the top 25 grossing apps used Amazon’s In-App Purchasing technology.

Even if the Amazon (AMZN) rally comes to an end, it is hard to argue against the fact that the future looks bright.

Check back here for more updates on Amazon Stock History.

Recommended Reading:

Four Dates to Circle in October

Executives Gone Wild: 5 Bizarre Tales of the Business Elite

Chinese e-Commerce Giant Alibaba IPO Could Be Biggest of 2014

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!