Tuesday, December 18, 2012

Amazon Approaching all time highs once again

By Hedge Ly | 12/18/2012 11:16:00 AM |

Daily AMZN
Quick thought here on AMZN....  Now that u see the SPX and NDX carving out the right shoulder of a inverse H&S AMZN is also on the right shoulder. 260.73 is the high today so far with 264.11 being the all time high for the shares back on 9/14/2012.



Over this level could mean air, yes air probably to 270 though what makes this play interesting is Friday opex with the stock trading between the 260 and 265 strikes.

Weekly AMZN

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