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AMZN
Benzinga
39 days

Stock Of The Day: Can Prime Day Propel Amazon To New Heights?

1. Amazon's stock tests recent trading range, affecting investor sentiment. 2. Resistance at $224 suggests potential for a significant price move. 3. A large supply of sellers may soon diminish, facilitating upward momentum. 4. Historical support at $217.50 provides context for current pricing behavior.

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FAQ

Why Bullish?

If resistance at $224 breaks, significant upside movement may follow historical patterns.

How important is it?

The article discusses key price levels that could affect AMZN due to technical factors.

Why Short Term?

Price movements are likely to occur quickly if key resistance is broken over the next days.

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