Over the past few years, Amazon’s (NASDAQ:AMZN) performance has been a roller-coaster ride. AMZN stock plummeted by 50% from January to December 2022 as market concerns grew about the impact of inflation and potential interest rate hikes by the Federal Reserve.
However, in 2023, the stock has been on fire, substantially undoing a big chunk of the decline. I worry that AMZN stock now is vulnerable to rolling over.
This post appeared first on InvestorPlace.