This e-commerce retailer is beating Amazon this year $AMZN (via TradingNation)
The smaller e-commerce player has surged 40% since January, while Amazon has struggled to keep up with even the broader market gains.
Piper Jaffray chief market technician Craig Johnson sees a clear winner ahead of their respective earnings on Wednesday and Thursday.on Monday. "When you look at the chart, you can see a clear downtrend reversal and you can see a series of higher highs and higher lows and the recent price action is correct, you're right back to the 200-day moving average, which might I add is trending higher.
Amazon, meanwhile, looks to be stuck in a range from which it has struggled to break free, Johnson added. "Amazon is a stock that's been basically in a two-year consolidation range," said Johnson. "So I look at these two charts and I would rather play eBay into the quarter rather than playing Amazon.", president of Strategic Wealth Partners, says he's sticking with Amazon as its growth plans unfold.
"We want to invest in companies that are growing, while at the same time strengthening their competitive advantage, and that's what you're getting with Amazon.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Amazon Alexa and Google Home's voice assistant were vulnerable to hackersAmazon's Alexa and Google Home's smart assistant were vulnerable to a security issue that could have allowed hackers to eavesdrop on people without their knowledge or entice users to hand over sensitive information, researchers say
Leer más »
‘Lord of the Rings’ Series at Amazon Casts ‘Game of Thrones’ Alum Joseph MawleAmazon’s upcoming “Lord of the Rings” series has cast Joseph Mawle in a main role, Variety has confirmed with sources. Mawle joins previously announced cast members Will Poulter a…
Leer más »