Amazon.com, Inc. (NASDAQ:AMZN) has had a stellar 2010, as shares soared from a low of $106 to a high of nearly $186. Shares are currently treading just below that 52-week high at $181 and change. Is it possible for Amazon.com to continue its breakneck pace in 2011?
The Masters have been preaching the Negative Nancy Index but until the tipping point has finally been reached for U.S. equities its time to "back up the truck", put on the blinders, and go for broke with the RAGING BULL INDEX. Including such trading favorites as Ford Motor (NYSE:F), NetFlix (NASDAQ:NFLX), and Amazon.com (NASDAQ:AMZN).
Companies with accelerating earnings growth are considered momentum stocks. They exhibit regular and increasing earnings power as demand for the company’s products and services grows. As this demand grows, the value of the company’s stock tends to gain as well.