Amazon Approaching all time highs once again
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.