Amazon (NASDAQ:AMZN) Price Breaks Out Despite Suffering The Second Outage


What You Need To Know

Last Sunday, Amazon.com suffered another outage across United States for the second time in less than a month. More than 37,000 user reported facing the outage with the e-commerce giant website. 80% of the users had issues accessing the website, while 15% said they were unable to login and the remaining 5% have reported issues with check-out process.

The reason behind the outage is still unclear. Previously, users experienced issues on Amazon platform including Alexa and Prime Video.

Amazon Stock Price Breaks Out

Amazon stock price has a strong breakout last week. The level around $3,540 has been a strong resistance for almost a year. We might expect to see some profit taking in the next few days.

Is it a buy?

Amazon (NASDAQ:AMZN) is definitely a market leader in its ecosystem, it always makes sense to collect its shares for long term investing. Technical wise, if the level at $3,540 holds, this could be a good entry point to accumulate more Amazon’s shares.

Did you know our stock picks are up more than 57% on average? Get the full access today at the discounted price

Leave a Reply

Your email address will not be published. Required fields are marked *

Share This πŸ₯Ÿ

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest

Recent Posts

Subscribe to Our Newsletter

Here’s where we dish out our finest snacks for your investing journey.

Scroll to Top