Stocks to Watch for August 14, 2013
Amazon.com, Inc. (NASDAQ:AMZN)
Started by
Costa
, Aug 14 2013 12:59 AM
1 reply to this topic
#1
Costa
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- Traders-Talk User
- 660 posts
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Posted 14 August 2013 - 12:59 AM
Amazon.com, Inc. (NASDAQ:AMZN) has corrected nearly 6% from its peak, underperforming the Indexes. The technical daily indicators are looking weak. The 9-day EMA has slipped below the 20-day EMAs and the 13-day EMA is likely to follow, confirming a short-term bearish trend. Another test and a possible break of the 50-day EMA is likely imo. Only a close above the 300 level changes my view of a move lower.
Stocks to Watch for August 14, 2013
Stocks to Watch for August 14, 2013
Costa
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#2
Zim
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- Traders-Talk User
- 247 posts
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Posted 14 August 2013 - 06:56 AM
While I'm not a particularly big fan of insider selling as an indicator, I did notice the other day that Jeff Bezos has been selling a bunch of stock
Best
Bill
