/Amazon%20-%20Image%20by%20bluestork%20via%20Shutterstock.jpg)
Amazon (AMZN) shares rallied on April 14 after the tech titan announced a definitive $11.6 billion agreement to acquire Covington-headquartered satellite connectivity firm Globalstar (GSAT).
The bullish momentum drove AMZN’s relative strength index (14-day) into the mid-70s, signaling “overbought” conditions that often precede a sharp correction.