Amazon Golden Cross Meets Prime Day Boom - Is The Stock Ready To Rip?

Core Viewpoint - Amazon.com Inc. has shown a bullish technical signal with the completion of a Golden Cross, coinciding with the start of its 2025 Prime Day shopping event, indicating potential upward momentum for the stock [1][2]. Group 1: Technical Indicators - The stock is currently trading at $219.36, above its 50-day simple moving average of $206.38 and its 200-day average of $206.02, signaling bullish momentum [3]. - The Moving Average Convergence Divergence (MACD) indicator is at 4.3, suggesting upward momentum [3]. - The Relative Strength Index (RSI) is at 57.89, indicating the stock is near neutral and has room for further upward movement [3]. Group 2: Prime Day Impact - Prime Day, running for 96 hours across 35 categories, historically boosts Amazon's e-commerce activity and enhances advertising and third-party seller revenues, often lifting the stock in the short term [2]. - The current bullish technical setup during Prime Day adds to the potential for stock price increases [2]. Group 3: Cautionary Signals - The 8-day simple moving average is at $220.80, slightly above the current price, indicating some near-term selling pressure and a moderate risk of bearish reversal [4]. - Investors are advised to watch for confirmation via volume and follow-through before making investment decisions, as the stock faces mild near-term resistance [5].