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Berger: Amazon delivering on time to take profit
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Serge Berger is setting out a short strategy for Amazon after tracking a pattern of rally then consolidation.
Serge remains bullish on growth, the stock is up around 110% this year and currently Serge believes it's risen 15-17% in the short-term rally, but yet to consolidate.
Sell: USD 660
Stop: USD 695
Target: USD 600