Amazon Rallies For Third Day In A Row

Amazon.com, Inc. AMZN shares are trading higher by $8.50 at $578.13 in Thursday's session. It has rallied over $30 since Tuesday's low, when the company was downgraded by Raymond James.

After a lower open, it fell only $0.03 to $567.08 before embarking on its march higher. So far, it reached $578.99 and fallen back to the $578 area.

Major resistance in the issue stands at the pair of highs from March 15 ($581.52) and March 16 ($581.32).