Amazon.com Inc. Breaches Important Support Level

Amazon.com Inc.

shares are trading lower by $18 at $534.10 in Wednesday's session. After a higher open, it found resistance at $556 and reversed course along with the broad market. The ensuing decline not only breached Tuesday's low ($550.09), but the low if made on the day following its Q4 miss ($547.18). It quickly swooned over $25 before finding support ahead of its October 8 low ($519.89), only reaching $523,11, It has not closed under $540, when it ended the session at $539.80.