AMZN - earnings miss

Amazon (AMZN) posted EPS of ($0.95), and the stock is duly reacting very negatively in early AH trading, -$21, around the $290 level. Next support is the May low of $284, if that fails.. then $260.


AMZN, daily

Summary

Suffice to say.... a pretty lousy earnings report.. and outlook is not pretty.

All things considered, if the May low fails to hold, AMZN longs should be very concerned of much lower levels ahead.
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If the main market falls into the sp'1600s (best bear case)... then AMZN downside target would be $200/180, no later than spring 2015.