InTheMoney Stocks
Short

Amazon.com, Inc. (NASDAQ:AMZN) Drops Hard: Signals Top

BATS:AMZN   AMAZON COM INC
171 0 1
$AMZN is taking it on the chin today. The stock is trading at $311.20, -7.84 (-2.46%). This is the first day in the last month that the stock is showing relative weakness, compared to the stock market . This is a significant turn and one that should be monitored. Based on the wide range bar on good volume today, and its weaker showing, I expect the Amazon.com to head down to the $300 level. This level has support alongside the 50 moving average . If that level is taken out, downside support is at $278.00.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out