Wall Street Fund Flows Positive for Amazon.com Stock
The chart included here is a daily chart of Amazon.com (Ticker: AMZN). The stock has come under pressure lately and is still looking weak. However, one of our proprietary indicators is pointing to accumulation in the stock by Wall Street.
When a divergence occurs between price and the indicator reading as seen in the chart here, it points to a high probability a stock is likely about to begin outperforming the stock market.
Active traders should be looking for Amazon to soon break out of the zone of congestion established over the past 12 trading days.
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