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

To: Sarmad Y. Hermiz who wrote (42510)	2/25/1999 12:53:00 PM
From: gizelle otero	Read Replies (1) \| Respond to of 164684

I would agree that the move in the stock price today is MOSTLY analyst/news related. However, the MACD is not just a one day indicator. It has been moving closer to a BUY signal since we bottomed-out @ 80 something earlier this month. I think some traders are moving to the buy side based on the MACD. We all know how volatile AMZN can be, and it is only natural that some people will attempt to trade the stock based on a momentum indicator. Also, Sarmad, would you stay short if we broke above 122 this afternoon? We are above 119 now. Thanks.