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Amazon Golden Cross Meets Prime Day Boom - Is The Stock Ready To Rip?
AmazonAmazon(US:AMZN) Benzinga·2025-07-09 15:27

Amazon.com Inc.'s chart just flashed a bullish signal – and the timing couldn't be more Prime. Just as the company kicked off its 2025 Prime Day shopping extravaganza, Amazon stock completed a Golden Cross, a widely watched technical formation where the 50-day simple moving average crosses above the 200-day. For technical traders, this is a green light worth watching.But is Amazon really ready to rip higher?Chart created using Benzinga ProRead Also: Walmart, Peloton, Chewy Set To Steal Amazon’s Prime Day — ...