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Amazon Stock Weekly Forecast: Trade Hopes, Q1 Earnings Fuel Rebound Above $200
Amazon Stock Weekly Forecast: Trade Hopes, Q1 Earnings Fuel Rebound Above $200
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Amazon (AMZN) shares have staged a sharp recovery from April lows, rebounding nearly 20% after a brutal 35% correction between February and early April. The breakout above key moving averages suggests a potential resumption of the long-term uptrend.
While Q1 earnings impressed, cautious Q2 guidance has tempered investor enthusiasm. Meanwhile, renewed Optimism around U.S.-China trade talks has bolstered market sentiment, contributing to AMZN’s recent price recovery.
The technical picture now aligns with fundamental drivers, as institutional buyers return to the stock. Market participants will watch whether AMZN can sustain momentum above the psychologically important $200 level in coming sessions.
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