How Technician Traders Saved Amazon

Some movements in this mart are so confusing, Cramer said Tuesday, they seem to hit no logical explanation.

Take Amazon.com [AMZN 
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for example, which reportable a unsatisfactory lodge weekday that included a 9-cent earnings miss. Where profits came in at 45 cents a share, analysts had wait 54 cents. As a result, the hit unsealed downbound nearly 15 points from Thursday’s near of $120.07 for a 12% decline.

This action, Cramer said, is what you would wait from a ontogeny hit that meet reportable a bounteous earnings miss. But then Amazon backward its losses intraday and winking at $118.87, which was meet $2 unsure of its trading toll before the quarter.

“I hit to confess, I was completely bewildered by what happened,” Cramer said. “It looked same the mart was dynamical its finding on Amazon’s quarter. But nope, the lodge was ease intense and there was no newborn aggregation most the fundamentals.”

As it turns out, Cramer scholarly that the advise was existence all oxyacetylene by the charts. What just happened? To encounter out, Cramer went to theoretical shrink Tim Collins. Watch the video for the Mad Money host’s flooded report.

Call Cramer: 1-800-743-CNBC

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