Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Amazon's stock closed higher again in the intraday levels, recording a profit of 0.93% in the last session, or 6.56 points, with the stock readying to attack the important resistance of 722.45, with the dominance of the main upward trend in the medium and short terms along the trend line, coupled with ongoing positive support from the SMA for the last 50 days period, as relative power indicators begin emitting an influx of positive signals.
Therefore we expect more gains to come for the stock, provided it first breaches the resistance of 722.45, targeting thereafter the resistance of 753.80.