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Amazon Stock Traded at Record Highs This Week—Watch These Levels [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The shares have have broken out from a symmetrical triangle on above-average volume, indicating a continuation of the stock's longer-term uptrend. A bars pattern, which extracts the stock's trend higher from October last year to July this year and repositions it from the early August low, projects a bullish price target of around $250. Investors should watch key support levels on Amazon's chart around $200 and $188. Amazon ( AMZN ) shares have hit record highs recently, boosted by optimism about growth in the company's cloud business. The company reported better-than-expected quarterly results last week. Investors were particularly impressed with the Amazon Web Services (AWS) business, which grew revenue at its fastest pace in seven quarters and continues to invest significantly in artificial intelligence (AI) amid surging demand. Amazon shares fell slightly on Friday, after closing at an all-time high the previous session. The stock, which is trading at around $208, closed
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