Amazon.com (AMZN) went on quite a run in 2015, but even the best marathon runners get tired eventually. Every single day over the last 254 trading days going back more than a year to January 29th, 2015, AMZN has closed above its 200-day moving average. That streak came to an end today with a break and close below the 200-day. Since its peak on December 29th, the stock is now down more than 23%.
The chart above highlights AMZN breaks below its 200-day moving average after closing above its 200-day over the prior 200+ trading days. The chart below shows streaks of consecutive trading days closing above the 200-day. Since the stock went public in the late 1990s, AMZN has actually had 7 prior streaks of 200+ trading days above its 200-day. The longest streak was actually early on in its life as a public company from early 1998 through mid-1999 when it went 324 trading days without closing below its 200-day. The last streak prior to the current one was 228 trading days from mid-2013 through March 2014.
Below is a table showing the performance of Amazon.com in the week, month and three months after the 200-day has been broken following streaks of 200+ days above. The stock did very poorly following the last occurrence, but five out of seven times, the stock was up in the week and three months after the break.