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Written by Rick Ackerman, Rick’s Picks
We’ve been using the 875.20 rally target shown (see chart below) for quite some time, and it has served us well, keeping us on the right side of the stock even when its canny handlers were shaking it down brutally. Their shenanigans should have fooled no one, since Amazon (NASDAQ: AMZN) is one of a handful of stocks that every portfolio manager absolutely must own.