Market Overview

Amazon Threatens To Break Down, But Recovers

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Amazon.com, Inc. (NASDAQ: AMZN) shares are trading lower by $6.70 at $665.94 in Monday's session. After a higher open, it rallied just passed 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.

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