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TOPIC: Near Term Pull Back Expected On Amazon.com (AMZN)

Near Term Pull Back Expected On Amazon.com (AMZN) 2 years 1 week ago #11237

  • inthemoneystocks
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Shares of Amazon.com, Inc. (NASDAQ:AMZN) jumped higher for the 10th straight day. However, the online retail giant is staging a solid reversal off the highs after tagging a resistance trend line. The reversal is putting in a topping tail, a sell signal. This is likely a top for the stock in the near-term, a pull back to $1,200 is expected per the stock chart. See below.

Gareth Soloway
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