The Amazon Record High - 83018
Amazon stock price is on a simultaneous record high print, this week investors cheer on the report of plans of free T.V. streaming through Amazon Fire - plus Morgan Stanley price target for Amazon stock hike to $2,500 per share.
I keep track on Amazon price history - the notable irrational exuberance to establish a baseline of "extended or overbought" reading, I personally come up with this equation and uses this for my personal trades. This week marks the 2nd most overbought it has been, compared to February of this year.
** The calculation for this is only used for short-term trading, not for investing**
Twitter: @ Kris_tin27