Watch These Amazon Price Levels as Stock Jumps After Cloud Growth Drives Earnings Beat
AmazonAmazon(US:AMZN) Investopedia·2024-11-01 03:36

Key TakeawaysAmazon shares rose 6% in extended trading on Thursday after the company surpassed Wall Street’s third-quarter earnings estimates, boosted by growth in its cloud business and healthy e-commerce sales.The stock sits poised to break out from a symmetrical triangle following the company’s better-than-expected quarterly report.Investors should watch key overhead price levels on Amazon's chart around $200, $242, and $273, while also monitoring an important support area during profit taking periods ne ...