Pocket Pivot Review - AMZN 9-13-17
|Published:||13 Sep 2017 18:01 ET|
AMZN had a pocket pivot through its 50-day moving average. AMZN is one of the FAANG stocks, a group of megacap technology names that have displayed leadership characteristics and is comprised of FB, AMZN, AAPL, NFLX, and GOOGL. FAANG stocks benefit from quantitative easing as central banks buy up the more liquid stocks with the money that is printed. Central banks have been shown to be the majority shareholders in a number of big cap stocks.
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