Amazon Stocks Are In a Buy Zone Again
Amazon.com (AMZN) shares are rebounding, gaining 9.6% over the past two weeks to reach $190. While this appears to be a strong move, prices have largely remained within this range for over a month. The stock experienced a sharp rally in December 2024, briefly breaking above the uptrend resistance. That move was followed by a four-month correction throughout early 2025.
However, the correction seems to have overextended, with prices ultimately touching the uptrend support and triggering a rebound. The current $175–190 range presents a potentially attractive buying opportunity, with an upside target of $220–225 - around 20% higher and just below the uptrend resistance. A reasonable stop-loss could be placed at $143.
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