Amazon (AMZN) shares preview (July 20)

Runaway gaps all over the place for AMAZON shares trading at record levels. Breaking out of the $414-$452 range of the last 2 months will target $490. $500 is the prychological mark many investors want to see. Staying above the uptrend line (now @ $470) will be a plus, but this parabolic rise will not last forever. Cautiously bullish.

AMZN (8 mths):

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Chart from http://www.Stockcharts.com

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