Amazon.com, Inc. AMZN shares are trading higher by $6.00 by $838.35 in Thursday's session. The company will report Q4 earnings after the bell. Street estimates stand for EPS at $1.36 on revenue of $44.65 billion.
The issue, which was tagged after its Q3 EPS miss on October 27, swooned from the $820 area and didn't bottom until November 11 at $710.10.
The rebound off that low found resistance ahead of its all-time high made on October 6 ($847.21), finding sellers at $843.84 on January 26. In today's session, it has found resistance ahead of that high as $842.49 stands as the high for the day.
With such an impressive run ahead of the report, the company will need to far exceed Wall Street estimates to extend the rally beyond its current level.
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