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

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

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!