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Benzinga
Benzinga
Business
Melanie Schaffer

Is Amazon Stock Signaling The Bottom Is In?

Amazon Nasdaq

Amazon.com, Inc (NASDAQ:AMZN) was surging over 5% higher on Thursday with bullish momentum after closing the trading session more than 3% higher on Wednesday.

The soaring stock price of the e-commerce and streaming giant may be in reaction to a double bottom pattern that Amazon printed on the daily chart.

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