Amazon.com Inc (NASDAQ:AMZN)’s UP 0.78% AT 3075.73
The votes on whether to form a union at Amazon.com Inc (NASDAQ:AMZN)’s sprawling Alabama fulfilment centre are set to be reviewed starting on Tuesday, with momentum for future labour organizing at America’s second-largest private employer hanging in the balance.
An agent from the U.S. National Labour Relations Board will sift through ballots sent to more than 5,800 workers at Amazon’s Bessemer, Alabama-based warehouse as part of a prolonged process expected to last days and spark legal challenges.
Tallying votes might not begin until later this week or next, after both Amazon and the union check the eligibility of ballots cast, said a person familiar with the process. Subsequent procedures and objections could further forestall a certified result, the person said.
Amazon has aggressively discouraged attempts by the Retail, Wholesale and Department Store Union (RWDSU) to become the first ever to organize one of the online retail giant’s facilities in the United States.
On technical fronts Amazon.com Inc (NASDAQ:AMZN)’s RSI stood at 47.10 and currently stock is trading Below 5 and 50 Days MA and Above 20 Days Moving Averages. So, SELL position can be taken with following target and stoploss.
TRADE SIGNAL -: Amazon.com Inc (NASDAQ:AMZN)’s – SELL: 3071.24, TARGET: 3031.71, STOP LOSS: 3123.03