Amazon's stock drops below 8 1/2-month long uptrend line and 50-day moving average
Amazon.com Inc. bulls beware, because the 5.1% after-hours tumble in the stock, after the e-commerce giant missed earnings expectations, may have marked the end of an 8 1/2-month long uptrend. The stock had closed Thursday at $818.36, right at an uptrend line that started at the Feb. 9 closing low, and also connected the closing lows in mid-September and last week. The break of an uptrend line suggests a new downtrend may be starting. The stock was trading around $777 after the close, which would also put it below its 50-day moving average... Читать дальше...