More recently, AMZN
also tackled resistance from its 40-week moving average.
Turning back to the stock, AMZN
is still finding resistance at its 10-day trendline and the 30.
Click the following link to see an Intraday Chart of AMZN
for August 28, 2006: http://www.
In yesterday's action, AMZN
shares tacked on more than three percent, finishing above its 10-day moving average for the first time since July 3.
Here is a synopsis of why CAKE and AMZN
have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months.
At last check, AMZN
was almost flat on the day at 36.
For more details on this change in posture on AMZN
, view the Schaeffer's Equity Scorecard at: http://www.
While this could be a sign that AMZN
is primed for a rally, today's earnings announcement does little to spur these bearish players to change or buy back their positions.