• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed

RBC RAISES PRICE TARGET OF AMAZON, STOCK RISES -

08-Jun
20:34 IST
stocks, amazon stock

Amazon’s stock is currently trading at 2,504.14-higher by 0.85% as compared to the previous closing price. In the pre-market trading session, the stock was trading higher by 0.4%. The stock has continued gaining after the opening bell.

Investment bank RBC Capital Markets on the weekend raised its price target on the company’s stocks to $3,300 per share from $2,700 a share. The investment bank, however, reiterated an outperform rating on stocks of the e-commerce giant. Morgan Stanley’s price target represents an upside of about 33% from the stock’s previous closing price.

The investment bank raised the price target of the company saying its annual online shopping survey suggested online retail is a structural winner from the coronavirus pandemic. RBC also said that the e-commerce giant’s specific results clearly support the idea that the company is likely the best global playoff of online retail. The investment bank expects the e-commerce giant is on track to soon reach 200 million subscriptions worldwide, higher from 150 million subscriptions in January. Stocks of Amazon have rallied around 36% so far in 2020.

On the technical front, the RSI is currently at 64.45% and suggests that the market can move in the upward direction. The current price is above the MA5. The current price is above the middle line of the Bollinger Bands and is heading upwards.

Overall Bias is Positive and short-term trades can be initiated with below mentioned Stop Loss and Profit targets.

 

TRADE SUGGESTION- LIMIT BUY AT 2,502 TAKE PROFIT AT 2,520 STOP LOSS AT 2,493

Leave a Reply

Your email address will not be published. Required fields are marked *

03-Sep
23:29 IST
stocks, amazon stock

Amazon’s stock is currently trading at 1785.75-higher by 0.60% as compared to the previous closing price. In the pre-market trading session, the stock was trading lower by 0.24%. The stock has erased all of its earlier losses and turned positive after the opening bell.

Investment bank RBC Capital Markets raised its price target on the company’s stocks to $2,600 per share from $2,250. The investment bank, however, reiterated an outperform rating on stocks of Amazon. RBC’s price target represents an upside of about 46% from the current levels.

The investment bank sees the e-commerce giant’s stock rising around 50% in the coming year. RBC Capital Markets expects it due to rollout of the Amazon’s Prime One-day Shipping program in the U.S. over the next twelve months.

On the technical front, the RSI is currently at 44.70% and suggests that the market can move in the upward direction. The current price is above the MA5. The current price is below the middle line of the Bollinger Bands but is heading upwards.

 

TRADE SUGGESTION- LIMIT BUY AT 1783 TAKE PROFIT AT 1793 STOP LOSS AT 1778

Leave a Reply

Your email address will not be published. Required fields are marked *

Hi Please share contact detail & write any comments below, our team will try to call soon.