Technical Summary: The 5 year chart of AMZN reflects the fundamental performance of the business as it has grown into a multinational conglomerate. This extended into July this year until the stock found a short term top and looked to blow off steam with a consolidation period. The stock during this period appeared to have trouble breaking through the $1000 a share mark. This abruptly ended after the recent earnings update with the stock gapping up on massive volume. This gap up to new all time highs was buyable. The chart looks like it could do with a consolidation at this point although an argument could be made to step in and buy on momentum. Due to the power of the move on the earnings update we would not be surprised with further upside.
