2011 High was 246.71 on 14Th of October , thereafter it fell continously till $182.39 on 25th November, it was 30% down free fall than it gained 8% gain in after thankgiving $196 and thanagain it fell to new lows towards the end to $173, the setup seems same as last year. Last quarter results were not that great, Fisacl cliff wil make markets more volatile in Dec. Further AMZN has been continously rising 5 days in a row with 10% gain along with S&P gains of 5% in a row. S&P and Amazon both are very strong resistence level of $247 for amazon and S&P at 1433.
I don't say on monday there isn't a possibility of upside, i don't have the money but any upside on monday in AMZN would be a perfect short opportunity even for a short term perspective. Be careful for any long positions beyond S&P 1433
It will definately be a positive from comscore. It might gain some, but if you see from perspective of last year it was down 30% down from 2011 high and than just gain 8% follow by 10% more down towards end of year
While better than expected comScore report out:
Online sales jumped 26 percent on Black Friday to $1.04 billion from sales of $816 million on the corresponding day last year, according to comScore data.
Amazon most visited retail website on Black Friday and posted highest year-over-year visitor growth rate among top five retailers.