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Amazon Showing a Surprising Upside Price Target on Prime Day

Amazon Showing a Surprising Upside Price Target on Prime Day

This is the fourth annual prime day for Amazon.com Inc. . In the daily bar chart of AMZN, below, we can see that prices have rallied above the late April/early May peaks and are testing the September/October highs. The On-Balance-Volume (OBV) line (a volume indicator developed in the 1960s by the late Joe Granville) is pushing up to a new high and signals to us that buyers of AMZN have been more aggressive since late December.