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Barchart
Barchart
Jim Van Meerten

Chart of the Day: Amazon (AMZN) Extends Recovery Rally to 13-month High

The Barchart Chart of the Day belongs to Amazon.com (AMZN).  I found the stock by using Barchart.com to find the "Barchart New Highs" page, and then I clicked on pull-down to select stocks with new 52-week highs.  I then viewed the stocks on the list with the FlipCharts feature. 

Amazon on Wednesday posted a new 13-month high and closed the day up +2.56% at 144.85.  Amazon has been in a recovery rally this year, overcoming a good part of last year’s sharp sell-off.  Any further rally to exceed the 1-1/2 year high posted in August 2022 of 146.57 would support the case that the current recovery rally can continue.  Barchart’s overall Opinion Average on Amazon is currently at 100%.

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