Amazon.com Inc. (NASDAQ: AMZN) has been quietly but convincingly climbing back into focus. After peaking at an all-time high of $242 in February, shares dropped more than 20%, a move that left many scratching their heads. This company spent the past year consistently overdelivering on earnings expectations, streamlining operations and achieving historic profitability.
Despite the brief drawdown, Amazon closed at $205 on Tuesday night, up nearly 10% from its lows around $190 earlier this month. The stock has begun showing signs of renewed strength, closing near the high of the day in several recent sessions and attracting bullish interest from analysts and long-term investors alike. With earnings due in late April and technicals flashing early signals of a fresh uptrend, it's getting harder to justify ignoring Amazon's upside potential.
