Amazon stock is set to open higher on Tuesday after the official release of the Amzon Pharmacy business arm. The move had been expected by investors after previous discussions but it may see support for the stock in coming sessions.
Amazon (AMZN) stock is selling off this week as the Nasdaq gets hit by the news of a vaccine for the coronavirus. Investors are now talking of a great rotation into 'bricks and mortar' and value stocks.
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Amazon horizontal consolidation points to a bullish breakout.
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