Shares of Amazon.com Inc. (NASDAQ: AMZN) closed just below $190 on Tuesday, continuing to stabilize and consolidate after a sharp correction. While still down more than 20% from February's all-time high, the stock has bounced roughly 16% off its multi-year low from earlier this month.
With earnings set to drop after the bell on Thursday, Amazon is shaping up to be one of the most closely watched names in the market this week. Volatility has calmed, technicals are improving, and analysts have been lining up throughout April to reiterate their bullish stance. The next 48 hours could determine whether the rally has real legs or if recent strength was simply a pause in a deeper trend.
