Amazon shares fall the most in two weeks on Tuesday, company now offering devices by Nokia, Alcatel at a discount

Amazon.com Inc (AMZN) has reportedly added several smart phone models to its discount list. The Prime Exclusive Phones will visualize the companys advertisements on their lock screens, while users will not have the option to remove them in exchange of a small fee.

Amazon shares closed lower for a second consecutive trading session on Tuesday. It has also been the sharpest daily loss since June 9th. The stock went down 1.73% ($17.20) to $976.78, after touching an intraday low at $976.00, or a price level not seen since June 15th ($950.86). In the week ended on June 25th the shares of the e-commerce giant added 1.62% to their market value compared to a week ago, which marked a second consecutive period of gains and also the best performance since the week ended on May 28th. However, the stock has extended its loss to 1.79% so far during the current month, following a 7.53% surge in May. The latter has been a fifth consecutive monthly gain and also the steepest one since January. For the entire past year, Amazon shares rose 10.95%.

Under Amazons discount program, Nokia 6 is now priced at $179.99, down from $229 previously, while the Alcatel IDOL 5S – at $199.99, down from $279 previously.

Meanwhile, the Alcatel A30 is now offered at a price of $79.99, down from $129 previously, as reported by Seeking Alpha.

According to CNN Money, the 37 analysts, offering 12-month forecasts regarding Amazon.com Inc’s stock price, have a median target of $1,100.00, with a high estimate of $1,300.00 and a low estimate of $950.00. The median estimate is a 12.61% surge compared to the closing price of $976.78 on June 27th.

The same media also reported that 32 out of 43 surveyed investment analysts had rated Amazon.com Inc’s stock as “Buy”, while 7 – as “Hold”.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Amazon stock are presented as follows:

R1 – $978.87
R2 – $980.96
R3 (Range Resistance – Sell) – $983.05
R4 (Long Breakout) – $989.32
R5 (Breakout Target 1) – $996.64
R6 (Breakout Target 2) – $999.60

S1 – $974.69
S2 – $972.60
S3 (Range Support – Buy) – $970.51
S4 (Short Breakout) – $964.24
S5 (Breakout Target 1) – $956.92
S6 (Breakout Target 2) – $953.96

By using the traditional method of calculation, the weekly levels of importance for Amazon.com Inc (AMZN) are presented as follows:

Central Pivot Point – $1,003.55
R1 – $1,017.19
R2 – $1,030.65
R3 – $1,044.29
R4 – $1,057.94

S1 – $990.09
S2 – $976.45
S3 – $962.99
S4 – $949.54