Stock Of The Day: Can Prime Day Propel Amazon To New Heights?
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Amazon.com, Inc. (AMZN) is highlighted as the Stock of the Day, with shares testing a key resistance level around $224. Despite positive news from Prime Day, the stock remains stable. If this resistance is broken, it could signal a significant upward movement, as previous sellers may have exited the market, allowing new buyers to push prices higher. The stock's recent trading range shows support at $217.50, which was previously a resistance level. A breakout above $224 could indicate a new uptrend for Amazon shares.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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