Amazon's $40 Billion Debt Binge Collides With Dreaded 'Death Cross'

Chart created using Benzinga ProAt the same time, Amazon's stock is approaching a widely watched technical signal known as a Death Cross. This pattern occurs when a stock's 50-day moving average falls below its 200-day moving average.Amazon Chart: Weakness Meets Capital ExpansionThe timing is notable.Death crosses are typically viewed as indicators of short-term bearish sentiment. They reflect periods when stocks have struggled to regain upward momentum. For Amazon, the potential formation of the signal com ...