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 (AMZN) rose in the short-term trading, scoring a profit of 0.16% in the last session, or 2.42 points, as the stock tries to pierce the important resistance of 1498.00, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms, coupled with positive signals from the Relative Strength Index.
Therefore we expect more gains for the stock, especially if the resistance of 1498.00 was breached, targeting the next one at 1640.86.