Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

MarketBeat

Business

Sam Quirke

Amazon’s Chart Just Flashed a Pennant Pattern—Here’s What to Do

Amazon MarketBeat

Tech titan Amazon.com Inc (NASDAQ: AMZN) closed just under $230 on Tuesday evening, extending an 8% gain since the first week of August. The broader uptrend since April remains firmly intact, with shares up more than 40% in that stretch.

Yet what has caught chart-watchers' attention this week is a technical pattern that should be on every Amazon investor’s radar—the pennant.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Brazilians head to the polls to vote in tense Lula vs Bolsonaro runoff election

Brazilians head to the polls to vote in tense Lula vs Bolsonaro runoff election

Victory for Bolsonaro would mark a rightward pivot for Latin America's largest economy and most populous country

The Independent UK

Suspect in shooting death of teen on Missouri highway charged in second road incident

Suspect in shooting death of teen on Missouri highway charged in second road incident

Man accused of shooting teen who was driving to a party has also been linked to shooting of a vehicle days earlier

The Guardian - US

The WNBA finals are a basketball wonderland – unless you’re part of the Maga machine

The WNBA finals are a basketball wonderland – unless you’re part of the Maga machine

The Dream and Valkyries are tied at 2-2 after four absorbing games. Many in America would rather we revisited the national anthem debate

The Guardian - US

'Go green and go thirsty': Guinea’s plastic ban clashes with need for safe water

'Go green and go thirsty': Guinea’s plastic ban clashes with need for safe water

Plastic water sachets are an essential way to provide people in Guinea with safe and affordable drinking water. But their use clashes with the government’s objective of outlawing single-use plastics. Until a solution can be found, authorities have been forced to lift a ban, less than three weeks after implementing…

Radio France Internationale

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘A defeat for the Republic’: How Oct 17 protest fiasco shaped France’s security strategy

‘A defeat for the Republic’: How Oct 17 protest fiasco shaped France’s security strategy

France deployed 70,000 security personnel across the country on October 24, backed by elite police units, helicopters, drones and armoured vehicles, as authorities sought to prevent a repeat of the violence that engulfed several cities a week earlier. The show of force followed widespread criticism of the government’s handling of…

The Times of India

Trump to rally Michigan Republicans after Obama backs Democrat El-Sayed

Trump to rally Michigan Republicans after Obama backs Democrat El-Sayed

US President Donald Trump is campaigning in Michigan, which is crucial for the upcoming midterm elections. Former President Barack Obama previously rallied for Democrats, emphasizing the importance of this Senate race. The competition is between Republican Mike Rogers and Democrat Abdul El-Sayed, who would be the first Muslim senator if…

The Economic Times

Related Stories

Top stories on inkl right now

Brazilians head to the polls to vote in tense Lula vs Bolsonaro runoff election

Brazilians head to the polls to vote in tense Lula vs Bolsonaro runoff election

Victory for Bolsonaro would mark a rightward pivot for Latin America's largest economy and most populous country

The Independent UK

Suspect in shooting death of teen on Missouri highway charged in second road incident

Suspect in shooting death of teen on Missouri highway charged in second road incident

Man accused of shooting teen who was driving to a party has also been linked to shooting of a vehicle days earlier

The Guardian - US

The WNBA finals are a basketball wonderland – unless you’re part of the Maga machine

The WNBA finals are a basketball wonderland – unless you’re part of the Maga machine

The Dream and Valkyries are tied at 2-2 after four absorbing games. Many in America would rather we revisited the national anthem debate

The Guardian - US

'Go green and go thirsty': Guinea’s plastic ban clashes with need for safe water

'Go green and go thirsty': Guinea’s plastic ban clashes with need for safe water

Plastic water sachets are an essential way to provide people in Guinea with safe and affordable drinking water. But their use clashes with the government’s objective of outlawing single-use plastics. Until a solution can be found, authorities have been forced to lift a ban, less than three weeks after implementing…

Radio France Internationale

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘A defeat for the Republic’: How Oct 17 protest fiasco shaped France’s security strategy

‘A defeat for the Republic’: How Oct 17 protest fiasco shaped France’s security strategy

France deployed 70,000 security personnel across the country on October 24, backed by elite police units, helicopters, drones and armoured vehicles, as authorities sought to prevent a repeat of the violence that engulfed several cities a week earlier. The show of force followed widespread criticism of the government’s handling of…

The Times of India

Trump to rally Michigan Republicans after Obama backs Democrat El-Sayed

Trump to rally Michigan Republicans after Obama backs Democrat El-Sayed

US President Donald Trump is campaigning in Michigan, which is crucial for the upcoming midterm elections. Former President Barack Obama previously rallied for Democrats, emphasizing the importance of this Senate race. The competition is between Republican Mike Rogers and Democrat Abdul El-Sayed, who would be the first Muslim senator if…

The Economic Times

Our Picks

Nicki Minaj's Lawyers Reportedly Want To Quit Rapper's 'Unreasonably Difficult' Jingle Ball Lawsuit

Nicki Minaj's lawyers are seeking to withdraw from a $275K Jingle Ball lawsuit, citing irreconcilable differences and a breakdown in communication.

International Business Times UK

Heidi Klum Teases 'Very, Very Bloody' Halloween Costume as Fans Spot Grotesque Body Parts

Heidi Klum has teased her 2026 Halloween costume with an image of brain- and intestine-like prosthetics, prompting fan theories before her annual New York party.

International Business Times UK

The hill I will die on: The email sign-off is archaic – it needs to go. No regards, Tom

The torture of the inbox is made insufferably worse by the dated cliches at the beginning and end, says journalist Tom Gill

The Guardian - UK

New Trump rule allows hunters to bait bears in Alaska with doughnuts, bacon and more

Critics decry Trump administration rule that lets hunters lure bears with human foods on federal lands in Alaska

The Guardian - US

Sylvester Stallone defends casting daughter in Tulsa King: ‘Of course it’s nepotism, you idiot’

Scarlet Rose Stallone appears in the hit series ‘Tulsa King’ in a recurring role

The Independent UK

Ground Beef and Strawberries Cost More as New Federal Diet Advice Puts Protein at Every Meal

Ground beef rose 7.4% and strawberries 10.4% in a year, as federal dietary advice stresses protein. Beans, eggs, and frozen produce can ease the cost.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play