Amazon.com Inc. (NASDAQ:AMZN) was trading slightly higher in the premarket Monday, in tandem with the general market, which saw S&P 500 futures trading up about 0.2%.
After the e-commerce and streaming giant printed its third-quarter earnings on Oct. 27, the stock dropped under an important psychological support level at $100. Although Amazon closed the Oct. 28 trading day above the area, the stock has been unable to regain $100 since then and on Oct. 31 confirmed a new downtrend.
