Is Amazon stock a good buy?
Amazon stock is currently not a buy, though conditions are improving.
The stock is currently in a consolidation phase, with a buy point of 2,185.95.
Buying stocks in a bear market comes with a high risk.
It’s wiser for investors to place well-performing stocks on their watchlist for further evaluation.
Will Amazon stock go up in 2020?
Amazon.com, Inc. (AMZN) stock closed 2019 at $1,847.84 and closed Friday, Jan. 17 at $1,864.72, up just 0.9% so far in 2020. The stock is in bull market territory at 42.7% above its low of $1,307.00 posted on Dec.
Is it good to buy stocks right now?
Based on the known knowns, buying stocks right now is a good idea for investors with a long-term perspective. We don’t know how long the coronavirus crisis will last or how much more the stock market might decline. Having money to buy stocks at potentially even cheaper prices makes sense.
Which share is best to buy now?
List of best stocks
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