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Amazon Attempts To Stabilize To Avoid The Gap Fill

|Includes:, Inc. (AMZN)

Amazon is doing its best to stay away from the full gap fill as it has created an inside day formation at 530. This simple formation gives this stock a chance to at least stabilize. The indicators show it may do that but ultimately, it is looking to be likely that this may continue its move lower. All three indicators are in the overbought region. -

Amazon ($AMZN) charts (updated 7/30/15)