Amazon Com Inc Daily Price Recap
Amazon Com Inc is up 0.45% ($10.77) since the day prior, marking the 3rd day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 23.47% from the day before — and down 44.2% from the same day the week before. Here is a daily price chart of Amazon Com Inc.
Amazon Com Inc Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about AMZN:
Credit Suisse 5-star analyst reiterates Buy rating on $AMZN & ups TP to $2,800.00 from $2,400.00
The analyst increased his first-party/third-party estimates due to faster customer adoption of online groceries in North America and purchases of necessary merchandise amid the decrease of retail foot traffic across operating regions. He thinks we will look back on COVID-19 as an event that spurred faster adoption for some of the more online-underpenetrated retail categories, as consumers who were on the fence on ordering groceries should develop a higher comfort level, if not an outright purchasing habit, following the pandemic.