Industry: E-Commerce/Products Closing Price: 127.14 P/E: 49.5 Avg. Vol.: 8,908K
Company Profile: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.
Chart Setup: Breakdown
Trading Strategy: We'll look to sell short AMZN if it trades under 125.75 Place a stop above 129.65 Target 1: $116.00
SPW Update: DY didn't meet our entry criteria and was invalid.
![English Defence League (EDL) Riots, Violence Escalates After Woolwich 'Beheading' [PHOTO]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_thumbnail/public/2013/05/22/edlll.jpg "English Defence League (EDL) Riots, Violence Escalates After Woolwich 'Beheading' [PHOTO]")
![Xbox One Specs: Microsoft Reveals New Gaming System, Controller Features [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_thumbnail/public/2013/05/21/xboxonebuttons.jpg "Xbox One Specs: Microsoft Reveals New Gaming System, Controller Features [PHOTOS]")
![London Machete Attack: Man Reportedly Beheaded In Woolwich; Suspects Shot By Police [VIDEO]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_thumbnail/public/2013/05/22/london-machete-attack.jpg "London Machete Attack: Man Reportedly Beheaded In Woolwich; Suspects Shot By Police [VIDEO]")
![Helen Mirren: Dying Boy, Oliver Burton, Gets His Last Wish Thanks To Actress Dressed As Queen Elizabeth [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_multimedia/public/2013/05/22/helen-mirren-visits-dying-boy_1.jpg "Helen Mirren: Dying Boy, Oliver Burton, Gets His Last Wish Thanks To Actress Dressed As Queen Elizabeth [PHOTOS]")
![Great GoogaMooga In Brooklyn: Music, Food And Disappointment As The Festival Gets Cancelled [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/21/matt-kim_4.JPG "Great GoogaMooga In Brooklyn: Music, Food And Disappointment As The Festival Gets Cancelled [PHOTOS]")
![Oklahoma Tornado 2013: Photos And Footage Of The Twister's Devastation [PICTURES, VIDEO]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_multimedia/public/2013/05/20/oklahoma-tornado_1.png "Oklahoma Tornado 2013: Photos And Footage Of The Twister's Devastation [PICTURES, VIDEO]")
![Billboard Music Awards 2013: All The Fashion On The Billboards Red (Er, Blue) Carpet [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/20/keha-givenchy.jpg "Billboard Music Awards 2013: All The Fashion On The Billboards Red (Er, Blue) Carpet [PHOTOS]")
![Fort Worth Texas Tornadoes Claim 6 Lives: Pictures And Videos During The Storm And Its Aftermath [PHOTOS/VIDEO]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/16/tornado.PNG "Fort Worth Texas Tornadoes Claim 6 Lives: Pictures And Videos During The Storm And Its Aftermath [PHOTOS/VIDEO]")
![5 Incredible Future Campuses For The World's Tech Giants [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_small/public/2013/05/22/amazons-biodome_0.jpg "5 Incredible Future Campuses For The World's Tech Giants [PHOTOS]")
Like or Follow us for updates on the biggest stories!