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'Tis the season when investors start flocking to any and all retail stocks, but I'm more discerning. I want a good deal and longer-term potential.
A recent sell-off is giving traders who use this strategy the opportunity to make triple-digit profits.
This major online retailer is on its way to successfully complete a bullish pattern. With no historical overhead resistance in sight, shares could potentially move much higher.
Many traders wouldn't touch this stock with a 10-foot pole. As a technical contrarian, I believe a high-reward, low-risk trade with double-digit upside has set up.