On the Radar: AMZN Long

AMZN setting up for a run through all time highs. After it shook off the earnings gap down, AMZN filled the gap to recover pretty quickly. A ton of huge price target upgrades lately in the $1000's --- Through $844 god only knows where this monster can go. Ideally, this rests for a few days as it got to resistance very quickly. I wouldn't be as gung-ho about the setup if it triggered today at 9:31. Also you have to realize the market's been up big for about 6 days straight --- may need to take a little break as well. This isn't the time to go max risk on any setup. 
Trigger: $844
Stop: $831.99
Target: $875+

 


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