Amazon.com Inc. (NASDAQ: AMZN) has staged an impressive comeback since the dark days of early April. The tech giant is up more than 30% in barely more than two months and, as of Tuesday evening, was trading just under $215. That’s only around a 10% move away from February’s record highs at the $240 level. For those of us on the sidelines, it’s time to get excited because there are multiple signs that another leg higher is coming fast.
Between bullish technical momentum, supportive analyst coverage, and a consistent tendency to rally into earnings, there are at least three solid reasons to think shares could be trading at $250 or more before the summer is out.
