Netflix, Amazon.com, and Priceline.com Stocks are ALL Red Hot
It is hard to ignore Netflix (NFLX), Amazon.com (AMZN), and Priceline.com (PCLN) as all three of these stocks killed their earnings and have been consistently making fresh highs.
Over the last two months these stocks have outperformed the market in demanding fashion. Since mid October NFLX is up 20%, AMZN is up 45%, and PCLN is up 18%.
Out of the three momentum traders will find PCLN to be in the best position to start next week off strong. It has created a beautiful bull flag. Investors looking to get in should target $204 as a good entry point. All three stock charts are below:
The only enemy for these high fliers may be the overall market. Even though the major indices have had no problem marching back up to October highs, they have done so on little volume. If the market were to roll over, the downside pressure could end the party.
While investors such as myself have retreated to cash in expectation of a market sell off, those investors still in the game could find some easy money with Netflix, Amazon, and Priceline. Buy into strength, keep the stops tight, and don’t risk what you’ll cry over losing.
With that said, if you’ll excuse me I have a flight to book, a movie to rent, and some online shopping to do. Have a great weekend!
