TPR Pre-Earnings Report – Amazon.com (AMZN)

Amazon.com (AMZN) will be reporting after the close today and is currently in an ominous position.  Despite the fact that Amazon.com is in a consolidation pattern on both a daily and weekly, it should be noted that the spread is very wide.  This implies a higher degree of volatility and the possibility of sharp movements.  The implied range of movement post earnings is 7.28% which should caution investors and traders alike prior to taking a position.

In the past, Amazon.com has had very limited upside potential post earnings release.  Unless there is a number on cEPS greater than $0.48 and/or revenues greater than $13.4 billion than erring on the short side may be the safer play.

 

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Symbol(s): AMZN in @TriggerTrading, Earnings, Reports