mercoledì 12 febbraio 2014

Amazon Starts Acting like a Retail Stock (video)

Amazon (AMZN), the biggest internet retailer in the world, was immune to weakness in the retail group for most of January, but finally broke down with a break away gap. After an oversold bounce above 360, the stock is continuing lower today with a move below 350. The rising 200-day moving average and broken resistance levels mark the next major support zone around 310-320.

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