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Thanks to Amazon.com’s (AMZN) earnings report late Thursday and its ensuing 8% drop, the Internet retail group was one of Friday’s biggest decliners, with a 3% loss. The stock fell to as low as 284, where it’s found support before, and is now 29% off an all-time high of 408.06 as it continues shaping a 30%-deep pattern. Amazon’s Q3 results missed forecasts, on the top and bottom lines, as did its Q4 revenue guidance. Its per-share loss of 95 cents Scalper1 News
Scalper1 News