Consumer Discretionary ETF And Amazon Are Buys (Technical Analysis)
Summary
- XLY has bullish price action.
- AMZN has bullish price action.
- Risk management for both trades is outlined.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I may initiate a position in XLY in the next 72 hours.
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