Amazon announced the launch of Amazon Art, which allows customers to buy fine art
Amazon CEO bought The Washington Post & other newspapers for $250 Million (on his own, not as Amazon)
Look to buy Amazon around 300 or below
Below 300 is oversold because in the last few days, when Amazon dropped below 300, it rebounded & went up higher
Therefore 300 should be a strong support, we'll see if it can stay above 300 again today
Downside risk:
Recent revelations about NSA collecting data from third-parties resulted in people cancelling or limiting their use of cloud service providers such as Amazon
However, we believe Amazon Art will be the most important factor in Amazon's stock today
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