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Amazon.com, Inc. (AMZN) Enters Overbought Territory - Tale of the Tape

Posted
7/29/2013 6:10:00 AM
By: Zacks.com
Referenced Stocks:AMZN

Amazon.com, Inc. ( AMZN ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because AMZN is now in overbought territory with an RSI value of 72.35. Furthermore, estimates for the Amazon.com, Inc. have been coming down, pushing it to a Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.



AMAZON.COM INC (AMZN): Free Stock Analysis Report

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