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Amazon May Look To Push Lower

|Includes:, Inc. (AMZN)

Amazon has now officially entered the territory of the shorts. This squeeze above 540 has pushed the stock into a red hot situation that resembles the move made the day before it reported earnings. The moving averages are grouping together and this is also a typical sign that confirms a trend change. This may start to put together a move to move lower to test 500 again. - Amazon AMZN 2/23/16