Amazon Continues Into Orbit

by Joel Elconin, Benzinga Staff Writer

November 5, 2015 11:23 AM | 1 min read | Make a Comment

Amazon.com Inc.

AMZN

shares are trading higher by $12.29 at $653.24 in Thursday's session. The issue is in full break out after sprinting to a new all time high ($645.93) and new all time high close ($640.95) on Wednesday. After a higher open, it retreated to $643.09 before exploding to $656.65. It has rallied almost $100 since its Q3 beat on October 22, when the issue settled at $563.91 and closed the following day at $599.03.

Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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