Chart of the Day: Amazon's Buzz Creates Intrigue
CEO Andy Jassy is talking about drones and other AI initiatives to help boost sales and efficiency. But what's next for shares of one of the better-performing Mag 7 names in 2025?
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Amazon AMZN continues to attract attention as one of the better-performing Magnificent Seven names in 2025. The company has been pouring out news about AI, data centers and other initiatives in order to gain some leverage in a very tight race. Of course, the biggest element and advantage for Amazon is AWS, their cloud computing platform that continues to be the "go to" application for businesses that wish to "rent" rather than own power and storage.
The AMZN chart shows a stock in a strong uptrend, with higher highs and higher lows that signal a bullish condition. Money flow has been positive but the recent surge in momentum via the stochastics (pane 4) is impressive.
Further, the candles are now blue, which signals strong bullish conditions for the stock. A recent breakout and confirmation above a base means this stock may continue to move higher. Moving average convergence divergence (MACD) iThes also on a buy signal.
We like Amazon here in TheStreet Pro Portfolio and rate it a One, or "buy at anytime."
At the time of publication, TheStreet Pro Portfolio was long AMZN.
