Amazon stock has been showing support around 116.59 and resistance in the 124.43 range. Technical indicators for the stock are Bearish and S&P gives AMZN a neutral 3 STAR (out of 5) hold rating. AMZN appears on the Investors Observer Momentum Plays list.
As for most big internet stock names right now Amazon is a great long term buy without the dividend in the next year I expect it to reach the 100 dollar mark.
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