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Amazon Inc.
AMZN shares are trading lower by $11.77 at $653.83 in Friday' session. After a lower open, it rallied beyond Thursday's close ($665.60), reaching $667 before reversing course. The ensuing decline has found support ahead of the pair of lows at $647.50 area from November 9 and 10 and has rebounded back in to the $650 handle. The all time high and closing high in the issue were on Wednesday at $675,96 and $673,25.
Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.
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