Amazon.com, Inc. (AMZN) Enters Overbought Territory

Zacks Equity Research July 29, 2013 Comments Off

Amazon.com, Inc. (AMZN) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because AMZN is now in overbought territory with an RSI value of 72.35. Furthermore, estimates for the Amazon.com, Inc. have been coming down, pushing it to a Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

AMAZON.COM INC (AMZN): Free Stock Analysis Report

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Amazon.com, Inc. (AMZN) Enters Overbought Territory

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