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Rufus Mediean

12/01/16 11:09 PM

#2117 RE: WB_1930 #2115

AMZN pulled back to the 160-day moving average four times in the past three years. Five days after such a signal, the stock has averaged a healthy 1.6% return, and been positive 75% of the time. A bit further out, however, AMZN has tended to underperform. In fact, 21 days post-signal, the shares have averaged a 2.2% loss and mustered a positive return just once.