
Tech giant Amazon.com Inc (NASDAQ: AMZN) has been in full breakout mode since April’s low, and the chart says it’s not done yet. Shares are up nearly 40% from that bottom and are now closing in on February’s all-time high.
The good news for those of us on the sidelines is that all signs point to the rally having a lot of room to run yet, and to Amazon being a candidate for one of the better long-term buys.