Amazon.com Inc. Threatens To Break Down But Recovers

Amazon.com Inc.

shares are trading lower by $6.70 at $665.94 in Monday's session. After a higher open, it rallied just past Friday's high ($674.78), reaching $675.46 before reversing course. For the third day in a row, it has found support in the lower $660 handle. On Thursday it bottomed at $661.48 and Friday at $661.40. In today's session, it surpassed that double bottom only to find support at $660.50 and rebound into the mid $660 handle.