Volume is picking up pace on a lower price
Trump is determined to change the tax strucuture for Amazon
Amazon, one of the best-performing stocks of 2017, is battered due to the Trump’s tweets influence. President Trump made clear in his tweet on Saturday that Amazon is scamming the US Postal Service. Although, there is a clear evidence that the US postal service has benefited from Amazon’s business. In summary, Trump wants to change the Tax structure for Amazon. Trump believes that Amazon is killing the brick and mortar retailer business and hence change in the tax treatment in his eye could bring the traffic flow back to the traditional businesses.
Amazon price may pierce the 100-day moving average and this is mainly because we are experiencing higher volume on a lower price. This means that investors are offloading the stock.