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Ep. 72: Katie Stockton: Are These Top Tech Stocks About To Make Big Moves?

Investing With IBD

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How Long Is a Consolidation Phase for Amazon?

The trading range breakout that you're mentioning was major. I think if anything a breakout is something that folks should feel comfortable buying into as much as it's almost against our desire we don't want to chase those stocks. Those breakouts by their nature release the chart or the stock of resistance so it means that that resistance level has been cleared and there's probably a good reason for that. That indeed is what we saw in Amazon and that followed through that instant followed through that you saw was a long term positive.

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