While an initial rise is expected, I would look to build a short around 356-360 - as Amazon receives multiple sectors of revenue under attack especially from Google/Microsoft on the Cloud sector, small measurable decrease revenue from Amazon Prime renewals from price increase, and possible product launch issues around the new set-top box if it is not well received in an already crowded sector.
At point it reaches 310-300 range - It will look attractive to acquire for the Christmas run up - although I would be careful through mid-June to August time frame.
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Read more at Chann3ls
www.Chann3ls.com
At point it reaches 310-300 range - It will look attractive to acquire for the Christmas run up - although I would be careful through mid-June to August time frame.
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Read more at Chann3ls
www.Chann3ls.com