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Possible Amazon Breakout Into Earnings

Shares of Amazon.com (AMZN) may have broken out of a wedge pattern, just ahead of earnings. While there is no confirmation of the breakout yet on the chart (that is super important), it is worth nothing that price is now above the wedge trend line and could signal further upside. With Amazon.com reporting earnings after the bell, we will see if its a legit breakout. If so, price can easily hit $3,555, the all-time high.

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