Amazon Stock: Still a Buy?
Shares of Amazon.com (NASDAQ: AMZN) have been rising nicely in recent weeks. Since the beginning of October, the stock has climbed more than 10%. This compares to the S&P 500's 8.5% gain over the same period. With the stock back over $3,570 for the first time since July, is the stock still attractive at this level? Or is this a good time for investors to take their profits?
A close look at Amazon stock reveals that selling shares at this level could be a mistake. Even more, the stock's valuation relative to the company's long-term prospects suggests shares may actually be a compelling buy at this level.
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Source Fool.com
