TagAmazon Stock

Once in a Decade: Amazon Stock Sees Golden Cross, Bullish Indicator

Amazon stock

By CCN: In the past 30 days, Amazon's stock (AMZN) has increased from $1,500 to $1,926 year-to-date, surging by more than 28.4%. The strong momentum of AMZN led a key technical indicator called the short-term 50-day moving average to surpass a long-term 200-day moving average, flashing the infamous “golden cross.” Golden Cross Confirms Bullish Momentum for Amazon (AMZN) According to Ari Wald, the...

Amazon's Revenue Is Roughly Half that of Walmart, AMZN Stock Yawns

AMZN earnings, Amazon

By CCN: Amazon's stock is flat in after-hours trading after the company destroyed earnings estimates, beating them by a sizable amount – more than 50%. Amazon continues to conquer the world with nearly $60 billion in revenue in the first quarter alone, skyrocketing 17% from the comparable quarter last year. Amazon’s annual revenue is now roughly half that of Walmart’s. More than 80% of Amazon’s...

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