Why Amazon stock is crashing

As the month of July unfolds, Amazon (NASDAQ: AMZN) shares have failed to sustain the momentum that has previously led it to a new all-time high (ATH), raising questions about the reasons for such a poor performance of the company’s stocks in recent days.Indeed, for the past month, Amazon stock has been trading in quite a wide range between $181.45 and $201.20, with its more recent performance near the lows of this price area, and AMZN currently not offering a high-quality setup despite a positive long-term ...