A Big Red Flag Is Popping Up on Amazon Stock

By Emily E.A. Meyer

There’s no shortage of excitement about Amazon.com (AMZN​) taking over the retail world, but there seems to be little concern about the valuation of its stock at $1,000. Looking at its chart, some red flags are popping up within volume trends. Technical analysis theory assumes that volume trends often precede price trends, and if that’s case, the current technical pattern may signal an increase in volatility and the potential for a bigger bearish turn in Amazon’s price.

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Source:: MTA News

      

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