TradingKey – Amazon is trading at $251.19 as of the latest close on September 17, a gain of 2.13% and very close to our chart reference of $251.20. From a technical perspective, the stock is trading above the trendline support of $244.58 but remains below the resistance at $255.71 to $257.67, and thus the uptrend is not yet confirmed. From a fundamental perspective, the recent positive developments regarding the growth of the company’s cloud business, as well as improvements in the company’s advertising business and retail business, warrant the positive move in the stock. The biggest risk to the company is likely its high capital expenditures. Management has recently disclosed that the company expects approximately $220 billion of…