The Pentagon has voided a $10bln contract with Microsoft following a lawsuit from Amazon

07 july 2021 89
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How have the share prices of these two companies reacted? As for Microsoft, the answer is – no-how.

But for Amazon, the news has served as some kind of trigger which allowed its share price to break the upper border of its almost 1-year-long consolidation at the $3500 level.

What further scenarios are possible then?

It is most likely that the broken level will go through a retest, after which it will be possible to expect further growth in Amazon’s value. 

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