Amazon triggers a sell signal: strength at 93, but the daily rebound calls for caution

Amazon.com triggers a fresh weekly sell signal, ranking 86th among the 96 sell signals for US stocks. This week's drop was among the sharpest in recent memory: signal strength at 93 out of 100 — but precisely because of this, caution is warranted. A move this steep can signal exhaustion, not continuation. The stock trades 29.8% above its 200-week average, and a double bottom with a 12% rebound is forming on the daily chart. The confirmation week is still open.