Watch These Amazon Price Levels as Stock Reaches $2 Trillion Market Cap
Investopedia • 600 days
Low Materiality0/10
Information
Amazon (AMZN) shares will remain in focus after the e-commerce and logistics behemoth crossed the $2...
Original sourceAI Summary
- Amazon crossed $2 trillion market cap milestone, joining exclusive tech giants. - Stock broke out above rectangle pattern to new all-time high. - Price target of $260 projected using measuring principle from breakout point. - $188 breakout level now key support region after being resistance for 3 years. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Research Analysis
Market-Moving
- Amazon crossed $2 trillion market cap milestone, joining exclusive tech giants.
- Stock broke out above rectangle pattern to new all-time high.
- Price target of $260 projected using measuring principle from breakout point.
Key Facts
- Amazon crossed $2 trillion market cap milestone, joining exclusive tech giants.
- Stock broke out above rectangle pattern to new all-time high.
- Price target of $260 projected using measuring principle from breakout point.
- $188 breakout level now key support region after being resistance for 3 years.