Amazon's Remarkable Surge - A 4% Leap This Week With Momentum Charging Towards The $150 Milestone
Portfolio Pulse from Zaheer Anwari
Amazon's stock has surged by 69% this year, with the stock price close to breaking through the $144 resistance level. If it successfully does, reaching $150 seems within reach. The highest point the price reached in 2022 was $171, marking a significant resistance level. After the closing bell on Wednesday, September 13, the stock closed at $144.85, trading up by 2.61%.
September 15, 2023 | 3:12 pm
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Amazon's stock has surged by 69% this year, and is close to breaking the $144 resistance level. If it does, reaching $150 seems achievable. The highest point the price reached in 2022 was $171.
The stock has shown a strong bullish trend throughout the year, surpassing key resistance levels. The stock's performance is closely tied to the company's growth and dominance in the e-commerce sector. If the stock breaks the $144 resistance level, it is likely to continue its upward trend towards $150 and potentially even $171, the highest point reached in 2022.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100