Why Amazon's Prime Day May Be the Catalyst for a Year-End Rally

Tech giant Amazon.com Inc NASDAQ: AMZN is once again getting investors excited about an imminent breakout. Shares closed Wednesday near $225, up more than 4% from Tuesday’s lows, as investors digested the aftermath of this week’s two-day Prime Day event. Full results haven’t yet been released, but Wall Street will be looking for signs of another record shopping surge, which is precisely what the stock needs. Given Amazon is still consolidating below its long-standing $240 resistance level, the timing couldn ...