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

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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.

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