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Amazon looks ready for a 40% rally, says market watcher

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In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.

Of the basket of tech names, Piper Jaffray's Craig Johnson is watching Amazon closely, since he believes the stock could be on the cusp of a major breakout.

The company is expected to report quarterly earnings of $5.57 per share on $62.5 billion in revenue, according to estimates from FactSet. Thursday's earnings report could be the catalyst that lifts the stock out of that trading range.

 

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PippaStevens13 Dummest report ever 😂😂😂😂. Stock is down $43. Why do you even create fake news like these. getarealjob

Thats right, lie to the american people and the sheeps will follow. People need to be in jump suits after this next crash.

The stupidity has made it to the High Wire Act.. As impressive as this StockMarket Show has been. It’s time to Bow Out People.. Stop Following The Goats.. You Know the Story. Over the Cliff they GO..

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