In our April 14 review of Amazon (AMZN) we wrote that "Early investors in AMZN have done extremely well but successful investing is more about the future and less about the past. I would take a cautious or defensive approach to AMZN in the weeks ahead. Even the best-performing investments can hit a speed bump now and again." We also pointed out a downside Point and Figure target of $2,635, which has been left in the dust.
Let's check the charts and indicators again.