Amazon Ready to Capitalize on Rise in Holiday Spending

AmazonThe interests of the investors are turned towards online retailer stocks after the arrival of the shopping season. It is interesting to note that Amazon.com (NASDAQ: AMZN) one of the leading e-commerce and computing company tops the list.

As on November 14 of this year, there is more than $100 loss in stocks with share prices declined to $710.10. This figure is made public after the company announced its fiscal 2016 report which was way beyond the expectations of the analysts.

The stocks were able to regain most of the grounds after the arrival of the holiday season ahead. As of Friday this week, the shares of the company closed at $780.37. This is a particular development, and we can easily anticipate that the company’s stock will remain bullish in the coming times.

This online retailer is trying to entice its music-loving customers by starting an online retail ticket sale in Europe and the United Kingdom. This decision was made after the success of its online ticketing business last year in the United Kingdom.

amazon

The company is working extremely hard to crush counterfeit sellers and win the trust of its esteemed customers. As such, Amazon is working on a new range of digital tools that will help the genuine sellers to prevent competitors from selling and copying their products. The name of this new digital tool is “Brand Central”, and it will be a good move to prevent the fake products which mostly originate from China.

At the same time, this e-commerce company is striving hard to get rid of the fake reviews that are all over the internet. Recently a reviews website by the name Review Meta was removed recently which contained more than 500,000 counterfeit reviews.

There are unconfirmed reports from Bloomberg that indicates this company trying to acquire Souq.com which is a Dubai-based online retailer. This online retailer is estimated to be around $1 billion in actual worth. Souq.com is the most prominent online retailer in the entire Middle East offering 1.5 million different products across 31 various categories.

In the meantime, the pilots of ABX Air are ordered to return to work by a US Federal judge with immediate effect. Earlier, 250 pilots had gone on a strike because of excessive assignments that violated agreements with the carrier. It is surprising to note that Amazon is one of the primary customers of ABX Air. With the holiday season around the corner, we can expect Amazon to remain bullish in the coming weeks.

According to the historical price chart, the resistance and short-term support for the stock are 787 and 773 respectively. With stochastic oscillator moving ahead, there is an increase in momentum. As a trader, you can expect the share prices of Amazon to rise high.

Amazon Stock Price Nov 28th 2016

Amazon Stock Price Nov 28th, 2016

To make the most out of this situation, you can place a One Touch CALL Option and set the target price below $785. Make sure that the expiry period of the trade lasts at least one week.

Rich Archer

Rich Archer

Hi, my name is Rich Archer. I am living in London. Welcome to Binary Manual. Reach to Binary Options broker reviews and market news here.


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