Amazon.com, Inc (NASDAQ:AMZN) was plunging over 6% lower on Wednesday after four bullish days brought the stock up from a 52- week low of $2,048.11 to top out at the $2,316 mark.
The fall lower is a continuation of the downtrend Amazon has been trading in since March 29 after being unable to hold above the 200-day simple moving average, which is a bellwether indicator representing whether a stock is in a bull or bear cycle.
