Amazon Breaks Under $200 (AMZN)

Amazon.com AMZN has rejected the $200 level for now. The stock is trading down 2.31% to $197.89 on Monday, after briefly breaching the $200 level last week. Shares have risen more than 25% over the last 6 months, and once again AMZN is sitting right below an all-time high of $206.39. Traders looking to get short some beta right now may want to consider AMZN, as the $200 level should provide at least some psychological resistance. If the market gets clipped, AMZN is likely to follow.