Monday, April 29, 2013

AMZN Post Earnings Watch - 4/29/2013

AMZN sold off after its recent earnings report. The price came down to the 252 support level of the trading range between 277-252. If it breaks below 252, the next possible support level is near 242 and that could lead to a 218 price target for a down swing. See the charts below.

Daily:



Weekly:



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