Warren Buffett’s Berkshire Hathaway’s Amazon.com, Inc. (NASDAQ:AMZN) position has finally been revealed
Warren Buffett’s Berkshire Hathaway’s Amazon.com, Inc. (NASDAQ:AMZN) position has finally been revealed, and it’s pretty sizable. According to the 13F data, Buffett’s company had 483,300 shares wroth of Amazon worth around $860.6 million at the end of March. While it’s a relatively big position for any other stock, Amazon has traded for around a 920 billion market cap recently and Buffett himself isn’t responsible for the purchase. One or perhaps both of his investing lieutenants was. It should be noted that Buffett’s lieutenants first bought Apple and then Buffett himself jumped in, so there is still a chance for Buffett to potentially make a purchase himself down the road.
Speaking of Buffett’s 13F moves, Berkshire Hathaway also added more shares of JPMorgan Chase & Co. (NYSE:JPM) and Red Hat, Inc. (NYSE:RHT). In terms of the former, Berkshire Hathaway added 9.398,538 in the first quarter of JPM, bringing his total position to 59.5 million shares worth over $6 billion at the end of March. JPMorgan is widely regarded as one of the best banking stocks in the sector. Berkshire Hathaway also added 934,679 shares of RHT in Q1, increasing his position by 22% to over 5.1 million shares. That position was worth around $933 million at the end of March.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,949.10.
The projected lower bound is: 1,800.35.
The projected closing price is: 1,874.72.
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 24.5230. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 49.70. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 11 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -100. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.
Rex Takasugi – TD Profile
AMAZON COM closed up 31.030 at 1,871.150. Volume was 100% below average (consolidating) and Bollinger Bands were 23% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,897.64 1,823.80 1,754.59
Volatility: 34 26 46
Volume: 4,718,279 4,352,034 5,640,157
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
AMAZON COM is currently 6.6% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of AMZN.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AMZN.O and have had this outlook for the last 2 periods.
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