EvanMedeiros

building some cause 10 points off all time highs

BATS:AMZN   Amazon.com
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$AMZN another wedge shaping up here near the top end of it's recent action. The breakout level at 270 was tested this week and it did hold and offered a 7 point bounce. Much like a lot of these other stocks we could see the early makings of a 10 point range between 270 and 280 before we get any real resolve. The longer it can base up here and not lose 270 the better shot the bulls have at taking out all time highs on Amazon.

Evan Medeiros
Founder, Trade Risk
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