(Bloomberg) — Analysts covering Amazon.com Inc. are still bullish on the stock, but technicals just sent a cautious signal.The company is rated “buy” by 51 analysts tracked by Bloomberg, with just four “holds” and one “sell” rating. The stock’s Monday closing price of $2,376 leaves 6% upside to the consensus target price, even with optimism recently growing.That optimism cuts against the “outside down day” the online retail giant just had on Monday. As Miller Tabak + Co. Chief Market Strategist Matt Maley explained in a note, that’s because it traded higher than Friday’s highs and lower than Friday’s lows, and …read more
Source:: Yahoo Finance
