Thursday, March 15, 2012

Has Amazon Bottomed Out?

COMPLETE ARTICLE AND GRAPHS



Barchart technical indicators:

  • Mixed signals
  • 8% Barchart technical sell signal
  • Trend Spotter buy signal
  • Although above its 20 day moving average it is below its 50 and 100 day moving averages
  • 25.86% off it's 1 year high
  • Relative Strength Index 49.92% but rising
  • Barchart computes a technical support level at 180.39
  • Recently traded at 183.20 which is below its 50 day moving average of 183.44

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