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Amazon Stock Is Under Pressure. Here's How To Handle The Action.
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Amazon stock's recent downdraft reflects broader chop in today's stock market — and highlights the importance of caution even with large-cap leaders. The e-commerce giant offered a potential entry for traders on Feb. 12, when shares approached the 50-day line. Harold Morris, MarketSurge senior product coach, says he was expecting Amazon stock to bounce off the 50-day, but came away disappointed when shares continued their recent decline.
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