Amazon Stock Pulls Back To Juicy Level On Whole Foods Pricing

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Amazon stock has pulled back to mouth-watering levels as the company announces that they will lower Whole Foods prices beginning Monday, August 28, 2017.

Today did this report on the Amazon pricing strategy on organic food:


Source: YouTube

Amazon.com reported an earnings miss last month which was a big blow to bulls. The e-commerce giant reported a Q2 EPS that fell to 40 cents from $1.78 a year ago which totally missed the FactSet consensus of $1.41. Not only did Amazon totally miss expectations for their profit in Q2, but they cut in half the expectations of what they’re going to make over the next 12 months.

Amazon Stock

Amazon stock has pulled back to an excellent entry level.

It is too early to take an entry in Amazon right now. Price movement has been a little bit too volatile to find a good entry and exit point. It is probably a good idea to wait for a consolidation first.

Notice how well large players volume is holding up as the price of Amazon stock has dropped. This is a positive divergence and is bullish. The Twiggs Money Flow is starting to round up but we need more of an upward move before making that assessment.

A stop limit order strategy like this may be the way to play Amazon.

It’s hard to go wrong buying oversold quality stocks like Amazon. I did a lesson on stock trading strategies that work here and how to play oversold stocks like Amazon.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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    Author: Lance Jepsen

    For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.

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