Amazon, Bezos, And 200 Bucks

Summary:

  • Amazon was up over 6% on Friday, rallying behind a solid earnings report on Thursday night.
  • However, shares are currently bumping up against resistance around the $200 level.
  • The selling pressure around the $200 level in July coincided with some major insider activity.

Amazon.com headquarters in Silicon Valley

Sundry Photography

Amazon (NASDAQ:AMZN) was up over 6% on Friday, rallying behind a solid earnings report Thursday night. However, shares are currently bumping up against resistance around the $200 level. In July, the stock reached these same levels but outside of a handful of intraday



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