While shares of Amazon.com (NASDAQ:AMZN) jumped higher for the 10th straight day on Tuesday, the online retail giant is staging a solid reversal off the highs after tagging a resistance trend line. The reversal is putting in a topping tail, which is a classic sell signal.
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This looks like a top for the stock in the near-term and I'm expecting a pull back to $1,200 as per the chart below.