AMZN is coming back down to its 50-day moving average on news that Apple claims the Kindle is no competition. We were already stopped out on AMZN ourselves, but note that it is possible that the stock could become a long situation of it holds the 50-dma. We would not be short this here, and prefer being long if it holds the 50-dma.
SSS - Follow-up on AMZN
|Published:||9 Mar 2012 15:26 ET|
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