Ride the Rapids in Amazon
Amazon (AMZN) topped out at an all-time high in October, just one week after most stocks ended their summer corrections. This upside-down behavior has continued into 2012, with the online retailer lost in a deep funk during the biggest bull advance in years. Shareholders must be losing sleep, thinking about missed opportunities and subpar first-quarter returns.
While the stock has stopped falling in the past two months, it isn't showing a single sign that it's getting ready to jump on the tech or retail rally wagons. In fact, price action isn't showing much of anything at the moment, technically speaking, which is quite odd for a major Nasdaq 100 component. However, this deader-than-dead zone could signal a major turning point....564 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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