Amazon.com (AMZN)

Amazon.com (AMZN) is ranked low on the Goldman Sachs Hedge Fund VIP List for Wednesday.

Amazon.com-AMZN

 

Watch the relative momentum chart closely. RMI indicator red shows underperformance vs. SPX. The red trendline also lines up near its 200DMA also, very important area.

Amazon.com (AMZN)

 

AMZN is trading below its 50DMA. How many people do you think are watching the 200DMA?

For more information on how we evaluate stocks, check out Seven Steps to Better Stock Trading, Part 1 and the video in Part 2.