Amazon Shares Fall Through Technical Levels

Shares of Inc. continued their slide on the week Wednesday, falling through technical levels. Shares of Amazon fell 3% to $316.55 at last check. On Monday, shares of Amazon closed below their 200-day moving average of $327.50, according to FactSet. On Wednesday, shares fell below the 100-day moving average of $323.87, and were heading toward the 50-day moving average of $314.70, according to FactSet data. Shares of Amazon are down 6.4% for the week.

Copyright © 2014 MarketWatch, Inc.