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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (4596)	5/21/1998 2:42:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 164684

AMZN is clearly below the 50 day MA at 87 1/2, but more important the 9 and 26 day moving averages are converging and crossing below the 50 day MA as well.....this is the first time that this has occurred and is a substantially bearish indicator and very good sign that momentum and direction have changed....target would be a test of 200 day MA at about 59 1/2......still a few more days for the 9 and 26 day MA to cross over but that stock is acting very weak and volume has left for greener pastures.......this could be a significant break in the stock.........;^) P.S. 'Relevant Knowledge' reporting that unique hits are down almost 20% is another thorn in the side of this highflyer........combined with the technicals it is an AMZN killer......;^)