Amazon (NASDAQ:AMZN) is scheduled to report earnings Tuesday, Jan. 29. John Lansing looks at AMZN’s chart to show the recent ramp up in the stock.
On the flip side, while we might have Apple (NASDAQ:AAPL) that continues to make new 52-week lows, one other high-beta stock, Amazon (NASDAQ:AMZN) continues to make new 52-week highs. While it probably is overextended to the upside in the short term, conversely Apple is probably overextended to the downside in the short term.
Though we continue to see a handful of stocks within the technology making new highs, we have a lot more that are making new lows. However, there’s probably no sector that’s worse than commodity stocks, specifically gold and silver stocks.
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