The Amazon share price was lower by 2.5% as the retreat from highs near $2,550 continues. The technical pattern on the weekly chart suggests the potential for further losses.
Amazon’s share price fell 2.86% on Thursday after the stock market saw further losses. The tech-heavy Nasdaq was the biggest loser of the indices again with a 1.99% drop on the day. Amazon is now testing the 50-day moving average and bullish traders will be hoping for a bounce today […]
Amazon remains bullish as it bounces from strong support.
Amazon is trying to confirm a breakout above the $3400 level and a channel resistance. The stock was down 1.22% yesterday but is pointing to a rise of 0.32% at today’s open. The rally in Amazon from the coronavirus panic-selling has been impressive, but investors are now starting to question […]
Amazon share price consolidates in a pennant formation for almost a month now. It rallied to $3,200 before the pennant, and the measured move points to more strength. Amazon is one of the companies that benefited the most from the economic lockdown. Having strong international exposure and delivering goods in...
Amazon started with a gap up the session after a stellar earnings report released yesterday after the closing bell. The company reported 2Q profit of $5.2 billion, or $10.30 a share, smashing the market consensus of $1.75
The much-awaited Amazon Q2 2020 earnings crushed expectations across the line. For the second quarter of the year, Amazon delivered EPS $10.30, beating expectations by $8.8 and reported $5.2 billion net income in the second quarter, double the amount in the same period last year. What does it mean for […]
Amazon will report second-quarter earnings on July 30 after the closing bell. Analysts expect a strong performance as the coronavirus lockdown boosted online shopping and the cloud services
Two days from now, Amazon releases its Q2 2020 earnings, and the market is on a limbo already – Amazon share price trades well above the 3k mark, being one of the key stocks driving Nasdaq 100 higher. In fact, together with Tesla share price, Amazon is responsible for the […]
Amazon stock ended yesterday 4.35% higher at 2,878.70, making fresh record highs as sales jumping as more and more consumers shift to online shopping. The company is making extra investments to fulfil the rise in online orders while keeping its staff safe. The company said that it would be spending […]