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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 230.27

-0.6%

Dec 11 3:59 PM EST

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To: Glenn D. Rudolph who wrote (4361)	5/15/1998 11:40:00 AM
From: Candle stick	Read Replies (1) of 164684

AMZN 50 day Moving Average is at 88...it broke intraday April 27th and bounced back, then again on May 12 th it tested it and bounced off of 86 5/8.......now will be the third test. You know what they say? The third times the charm. A break below the 50 day MA is a serious technical indicator, and ironically this point is being hammered forth on CNBC with regards to Disney, which is being downgraded today as it breaks its 50 day MA..................;^) P.S. the next important moving average is the 200 day MA which AMZN has never been below. Currently it is at 59 1/4, and a break of the 50 day MA should cause a test of the 200 day MA over the next few weeks. I think that AMZN will tank immediately after the split, IMHO.......;^)

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