Amazom Makes New All Time High

Amazon AMZN shares are trading higher by $17.19 at $642.50 in Wednesday's session. The Street seems to be with the move the move by the company to open its first brick-and-mortar store in Seattle. Following a higher open, it retreated to $627.35 before making its assault on a new all time high. It has far surpassed its former all time high ($630.72), rallying all the way to $645.93. It is poised to post a new all time closing high as well as long it closes above $628.95. Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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