|Day Low/High||12.98 / 13.21|
|52 Wk Low/High||12.01 / 20.90|
Momentum in the shares of the knowledge engine provider has been slowing for a while now.
This looks like a speculative setup for a recovery trade in the first quarter of the year.
I expect that tonight's report and future guidance will roughly be inline or to the high end of expectations.
My preferred approach with this momentum stock is to take a position, but one that is smaller and comes with time.
YEXT is one of the few breakouts that is not also overbought technically.
A close above $13.50 should get some follow-through buying, and a close below $12.75 may produce a retest of the $12.25 area.
The proposed combination likely will draw increased attention to the obliteration of traditional retail jobs that Amazon is leaving in its wake.
* Amazon is a change agent. The retail landscape continues to undergo change, and with it will come lower retail industry sales, profits and margins. * Does Amazon create value through its distribution channel or does it destroy jobs? Concerns likel...